Ethereum News Today: Ethereum Whales Spend $574M on 159,461 ETH as Institutional Buying Surges

Large Ethereum holders, often referred to as "whales," are intensifying their accumulation efforts amid the recent market downturn, signaling continued institutional confidence in the asset’s long-term trajectory. According to data from Arkham Intelligence, a single wallet has acquired over $300 million worth of ETH through discreet over-the-counter trades at Galaxy Digital. The address now holds nearly 80,000 ETH, valued at more than $280 million [1]. Another major investor linked to Galaxy Digital spent $274 million to purchase 79,461 ETH within three days, further underscoring the growing appetite for Ethereum among institutional and ultra-large investors [2].

This buying trend is not isolated. The broader Ethereum market has seen increased accumulation across multiple large wallets, with over 200 new "mega whale" addresses emerging since early July. Many of these addresses are linked to custodians, exchanges, and ETF issuers actively building up their reserves [3]. The total value of Ethereum held in these strategic reserves has now exceeded $10 billion, reflecting a sustained interest in the asset despite the recent 85% price surge since late June followed by a period of consolidation [4].

Institutional investment is further reinforced by the performance of the BlackRock iShares Ethereum Trust, which has recorded $1.7 billion in net inflows over ten consecutive trading days. According to Dune Analytics, the total ETH held by exchange-traded funds has increased by more than 40% in the past month alone [1]. This surge in ETF activity aligns with broader market sentiment, with analysts and high-profile figures like Eric Trump viewing the current pullback as a buying opportunity [2].

Despite the recent dip in Ethereum’s price, the market remains resilient. The token rebounded above $3,550 after falling below $3,400 over the weekend, a sign of potential stability. Observers note that expectations of looser monetary policy could support further recovery in the coming weeks [1]. However, historical patterns suggest caution. August has traditionally been a weak period for Ethereum, with double-digit declines recorded in both 2023 and 2024. The only exception was 2021, when Ethereum surged more than 35% amid a strong bull market [3].

Market analysts are closely monitoring these developments. Some forecasts suggest Ethereum could break above $8,000 by year-end if the current consolidation phase ends favorably [4]. The recent accumulation by large holders is seen as a bullish signal, driven by both strategic positioning and confidence in Ethereum’s technological upgrades and increasing adoption [2].

Sources:

[1] Ethereum News Today: Institutional and Mega Whale Buying Drives Ethereum Accumulation Amid Volatility (https://www.ainvest.com/news/ethereum-news-today-institutional-mega-whale-buying-drives-ethereum-accumulation-volatility-2508/)

[2] Ethereum Whale Spends $274M on 79,461 ETH Amid Market Downturn (https://www.ainvest.com/news/ethereum-news-today-ethereum-whale-spends-274m-79-461-eth-market-downturn-2508/)

[3] Ethereum (ETH) Strategic Reserve Surpasses $10 Billion in Value (https://blockchain.news/flashnews/ethereum-eth-strategic-reserve-surpasses-10-billion-in-value-key-trading-insights)

[4] Over 1M Ethereum Withdrawn From Exchanges in 2 Weeks (https://www.mitrade.com/insights/news/live-news/article-3-1007769-20250803)

[5] Crypto Market—BTC & ETH Prove Resilient Against Tariff Volatility (https://coinpedia.org/price-analysis/crypto-market-update-btc-eth-prove-resilient-against-tariff-volatility-ena-xlm-inj-lead-the-gainers/)

[6] Buying Ethereum Now Could Give You 2x Profit by 2025 End (https://coinpedia.org/price-analysis/buying-ethereum-now-could-give-you-2x-profit-by-2025-end-heres-why/)