Ethereum News Today: Ethereum Faces 15% Correction as Whales and Corporations Accumulate $143M in ETH

Despite a 15% price correction, Ethereum (ETH) saw substantial accumulation by major whales and institutional players, indicating continued confidence in the asset’s long-term value. On August 3, 2025, ETH fell to $3,354, marking the lowest price since mid-July, largely due to a broader market downturn following weak jobs data [1]. However, the decline was short-lived as significant buying activity emerged from large investors.

According to analytics from Lookonchain, a new wallet received 24,294 ETH tokens valued at $86 million from FalconX, a digital asset prime brokerage. In parallel, another whale acquired 15,627 ETH tokens worth $57 million from an over-the-counter wallet linked to Galaxy Digital [1]. These transactions occurred within a 24-hour period, with whales collectively accumulating over 39,900 ETH tokens, valued at approximately $143 million [1].

Meanwhile, institutional demand for Ethereum was further reinforced by SharpLink Gaming, which purchased 18,680 ETH tokens—approximately $67 million—bringing its total holdings to an estimated $1.81 billion [1]. The company's continued investment in ETH underscores growing corporate interest in blockchain assets and Ethereum's strategic value in the gaming sector.

The accumulation by whales and corporations suggests strong market confidence, despite short-term volatility. Ethereum's network upgrades and expanding decentralized finance (DeFi) ecosystem are seen as key drivers of long-term institutional interest [1]. Such large-scale purchases often precede bullish market trends, with institutional buying after a correction typically signaling a strong support level [1].

Expert analysis highlights that Ethereum's ongoing development and adoption in sectors such as gaming and finance reinforce its market position. The recent buying activity reflects a belief in ETH’s potential for future price appreciation and utility. Institutional investors, including whales and corporations like SharpLink Gaming, are clearly positioning themselves for a bullish outcome, regardless of immediate market fluctuations [1].

The events of early August 2025 demonstrate that while Ethereum faced a notable correction, it also attracted significant accumulation from major investors. This activity provides a clear indicator of Ethereum’s market resilience and long-term appeal, even amid broader market volatility.

Source:

[1] Whales and SharpLink Continue Accumulating Ethereum Following Recent 15% Price Correction

https://en.coinotag.com/whales-and-sharplink-continue-accumulating-ethereum-following-recent-15-price-correction/