Ethereum News Today: Ethereum Whales Accumulate $400M Amid Market Dip and Rising Institutional Demand

Ethereum whales have been significantly increasing their holdings amid a recent market dip, with over $400 million worth of ETH acquired by large investors. Institutional interest in Ethereum appears to be growing, as demonstrated by the accumulation of ether through over-the-counter (OTC) desks and expanded positions by specialized investment firms [1].

A major whale wallet, tracked by Arkham Intelligence, purchased approximately $300 million of ETH over three days via Galaxy Digital’s OTC desk. This purchase, equivalent to roughly 85,000 ETH, occurred despite an unrealized loss of $26 million, signaling a long-term accumulation strategy rather than short-term speculation [1].

SharpLink, an Ethereum-focused investment firm, expanded its holdings by acquiring 30,755 ETH for $108.57 million at an average price of $3,530 per token. This purchase increased the firm’s total ETH holdings to 480,031 tokens, valued at approximately $1.65 billion. Such large-scale acquisitions highlight the growing institutional confidence in Ethereum as a core digital asset [1].

On-chain activity for Ethereum has also surged, with Sentora reporting 931,000 active addresses in a single day—the highest in nearly two years. The increase in active addresses reflects heightened user engagement and network adoption, reinforcing a bullish outlook for Ethereum [1].

U.S. regulatory developments are increasingly favorable toward blockchain technology, further positioning Ethereum to benefit as a leading smart contract platform. According to venture capitalist Thomas Lee, continued dominance by Ethereum in institutional finance could drive its price toward $60,000, reflecting its expanding influence in global markets [1].

These developments suggest that Ethereum’s role in global finance is strengthening. With rising on-chain activity, institutional buying, and supportive regulatory trends, Ethereum appears well-positioned for long-term growth in 2025 and beyond [1].

Source: [1] Ethereum Whales Possibly Increasing Holdings Amid Rising On-Chain Activity and Institutional Interest (https://en.coinotag.com/ethereum-whales-possibly-increasing-holdings-amid-rising-on-chain-activity-and-institutional-interest/)