Ethereum News Today: Ethereum Mega Whales Buy $282M ETH as Price Rebounds 4.3%

Large Ethereum holders, or "mega whales," have intensified their buying during a recent price dip in early August 2025, according to blockchain analytics firm Arkham Intelligence. A major address acquired 79,461 ETH, valued at around $282.4 million, through over-the-counter purchases at Galaxy Digital. This activity highlights significant accumulation amid a sharp ETH price correction [1].

The Ethereum price dipped below $3,400 over the weekend before rebounding to $3,560 within 48 hours. This bounce coincided with increased buying pressure from large holders and a surge in inflows into Ethereum-focused products. BlackRock’s iShares Ethereum Trust ETF, for instance, saw $1.7 billion in inflows over the past 10 trading days. Dune Analytics reported that Ethereum ETF holdings surged by over 40% in the previous month, signaling rising institutional interest [1].

Glassnode data further supports this trend, showing a notable increase in the number of Ethereum wallets holding over 10,000 ETH. Nearly 200 such "mega whale" addresses have been created since July, including custodial and exchange-managed accounts. This accumulation pattern mirrors the pre-rally behavior seen in mid-2022, when ETH rose by 95%. As of October 2024, mega whales control over 41 million ETH, a 9.31% increase [1].

The buying activity among whales appears to align with broader market sentiment. Monika Mlodzianowska, strategic partnerships director at CoinW Exchange, suggested that easing monetary policies could counterbalance the recent sell-off and create a bullish environment for crypto. The ETH price rebound, coupled with the accumulation by whales, reinforces the view that long-term investors remain confident despite short-term volatility [1].

According to Santiment data, mega whales now hold nearly 27% of the total ETH supply, giving them substantial market influence. These large holders are also expanding into Ethereum-based DeFi and Layer 2 protocols, where transaction volumes have spiked. The strategic accumulation by whales and inflows into ETFs highlight a growing conviction in Ethereum’s long-term potential [1].

Historical data, however, adds nuance to the current optimism. Ethereum has shown a bearish trend in August over the past three years, with double-digit declines recorded in 2023 and 2024, unlike its strong performance in 2021. This pattern introduces uncertainty as the market heads into another historically volatile period [1].

Despite these risks, Ethereum’s growing adoption as a foundational asset is being underscored by mainstream attention. Influential figures, such as Eric Trump, encouraged buying the dip, while media outlets like CNBC highlighted Ethereum as "Wall Street’s invisible backbone," emphasizing its expanding role in financial infrastructure and decentralized applications. This visibility could further strengthen ETH’s position in both institutional and retail portfolios [1].

Source: [1] Ether Whales Accumulate Amid ETF Inflows and Price Rebound (https://londoninsider.co.uk/ether-whales-accumulate-amid-etf-inflows-and-price-rebound/)