Ethereum News Today: Ethereum Whale Wallets Surpass 1,100 Holding 10K ETH in July 2025 Surge

The number of Ethereum (ETH) whale wallets holding more than 10,000 ETH has surged past 1,100 in July 2025, marking the highest level of the year and signaling a strong return of institutional-grade investor confidence in the blockchain network [1]. According to on-chain data from Glassnode, this accumulation began in mid-July and continued through early August, with the 30-day change in mega-whale address count showing a sharp positive shift [1].

This trend contrasts with the previous months, during which the number of such whale addresses had either remained flat or declined, reflecting a period of distribution or caution among large holders from February through June 2025 [1]. The renewed accumulation has coincided with a price recovery in ETH, which moved from below $1,800 in early July to levels near $2,500 by late July [1]. The synchronized rise in both price and whale activity suggests a strategic buildup by high-net-worth investors, potentially positioning for a longer-term bullish scenario.

Analysts have interpreted this whale behavior as a strong indicator that Ethereum could break above $3,000 if buying pressure remains consistent [1]. The historical pattern of whale accumulation preceding major price expansions has led some to speculate that the current phase may be setting the stage for another significant move higher. However, this remains speculative, and actual performance will depend on Ethereum's ability to maintain key support levels near $2,400 while continuing to show on-chain strength [1].

The timing of the accumulation also aligns with potential catalysts such as ETF developments, increased activity on Layer 2 solutions, and broader macroeconomic support, which could further reinforce investor sentiment [1]. Notably, whale activity often precedes broader retail interest, and this surge in large-holder positions is seen by some analysts as a leading indicator of stronger market dynamics in the near term [1].

Source: [1] Ethereum Whale Wallets Holding 10K ETH Jump Past 1,100 in July Surge (https://cryptonewsland.com/ethereum-whale-10k-eth-jump-past-1100-in-july/)