Ethereum News Today: Ethereum Whales Accumulate $2.77 Billion in July Spurring 39% Price Surge

Ethereum whales accumulated 722,152 ETH, valued at $2.77 billion, in July 2025 through newly created off-exchange wallets, contributing to a 39% price increase from $2,800 to nearly $3,900. This accumulation was primarily driven by large holders seeking to reduce selling pressure and secure assets away from exchanges, reflecting a shift toward long-term strategies. On-chain data from Lookonchain shows that three wallets alone acquired 73,821 ETH within eight hours, underscoring the intensity of the buying activity. These wallets are largely unlinked to known exchanges or institutions, indicating a deliberate move to avoid market volatility and enhance asset security [1].

Exchange outflows totaled $1.73 billion in July, aligning with Ethereum’s price rally. Withdrawals consistently outpaced deposits from mid-month onward, with notable single-day outflows exceeding $100 million on July 22 and 30. This trend reduced the circulating supply on exchanges, which typically supports upward price momentum. The reduction in available supply is a key factor in Ethereum’s 39% surge, reinforcing the correlation between on-chain activity and price movements [2].

Investor confidence is further supported by on-chain metrics. IntoTheBlock data indicates that 91% of Ethereum holders are currently profitable, with 75% holding their positions for more than a year. Only 5% of holders are at a loss, and 4% are near break-even, illustrating a strong long-term market outlook. Large holders control 55% of the total ETH supply, adding to the market’s stability and reducing the likelihood of sudden sell-offs [3].

Transaction data also reveals robust network activity. Approximately 53% of recent transactions originated from Western markets, while 47% came from Eastern regions. Large transactions over the past week amounted to $92.25 billion, indicating high liquidity and active participation among major players. This regional and transactional distribution reinforces Ethereum’s global adoption and resilience [4].

The strategic accumulation by whales through off-exchange wallets, combined with significant outflows from exchanges, has created a positive feedback loop. By reducing supply and increasing demand, these actions have contributed to Ethereum’s price appreciation and long-term investor confidence. On-chain indicators suggest that the market is in a phase of consolidation and growth, with a majority of holders committed to holding ETH over extended periods [5].

The July on-chain trends highlight a broader shift in Ethereum’s market dynamics, with investors favoring private holdings over exchange-based trading. This behavior not only limits short-term volatility but also signals a stronger institutional and retail belief in Ethereum’s long-term value. As supply constraints continue to support price, and confidence remains high, the market appears poised for further stability and potential growth.

Source:

[1] Ethereum Whale Accumulation and Exchange Outflows May Support Recent Price Surge

(https://en.coinotag.com/ethereum-whale-accumulation-and-exchange-outflows-may-support-recent-price-surge/)

[2] Ethereum Whale Accumulation and Exchange Outflows May Support Recent Price Surge

[3] Ethereum Whale Accumulation and Exchange Outflows May Support Recent Price Surge

[4] Ethereum Whale Accumulation and Exchange Outflows May Support Recent Price Surge

[5] Ethereum Whale Accumulation and Exchange Outflows May Support Recent Price Surge