Ethereum News Today: Institutional Confidence in Ethereum Surpasses $8.69 Billion Mark

A whale investor has acquired over 10,000 ETH from Galaxy Digital and FalconX through an over-the-counter (OTC) platform, according to Arkham data and on-chain analyst EmberCN. This acquisition amounts to approximately $358 million worth of ETH and is part of a broader "Ethereum Strategy" pursued by the investor, who now holds a total of 1,947,299 ETH, valued at $8.69 billion. This stash significantly surpasses the holdings of SharpLink, the second-largest ETH holder, whose position is roughly half in both quantity and value [1].

The whale's strategic accumulation of ETH highlights a growing institutional interest in Ethereum. As of August 31, Bitmine held 1,866,974 ETH with an average cost of $3,883, while SharpLink held 837,230 ETH with an average cost of $3,594 [1]. This move by institutional players reflects a broader trend of long-term confidence in Ethereum's value, despite short-term price volatility. The Ether Machine further reinforced this bullish outlook by adding 150,000 ETH to its treasury, bringing its total holdings to 500,000 ETH, valued at approximately $2.19 billion [1].

Ethereum’s price has been influenced by similar large-scale movements. According to on-chain data from Glassnode, Ethereum whales have shown diverging strategies in August. Mega whales, those holding over 10,000 ETH each, accumulated over 2.2 million ETH in 30 days before their buying momentum stalled. Meanwhile, mid-tier whales, who control wallets with between 1,000 and 10,000 ETH, shifted from selling to buying, adding roughly 411,000 ETH in the same period [3]. This divergence in behavior among whale groups suggests differing risk appetites and investment horizons and has sparked varied interpretations within the market. Some analysts caution that the pause in mega whale buying could be a trap designed to entice smaller traders into selling, while the mid-tier whale activity signals underlying strength [3].

Ethereum’s recent price trajectory has also been supported by rising ETF inflows and whale accumulation. ETF inflows reached approximately $3.87 billion in August, and whales increased their ETH holdings by 14% over the past five months [4]. These factors have contributed to a 132% rise in Ethereum’s price compared to Bitcoin’s 34% increase over the same period. Analysts attribute this outperformance to portfolio rebalancing and increased utility-driven interest in Ethereum’s ecosystem [4].

The whale accumulation has not only driven price action but has also coincided with Ethereum breaking above a key descending trendline, supported by a strong RSI signal. This technical breakout has positioned Ethereum for a potential rally toward the $5,000 mark, provided momentum and volume confirm the breakout [4]. Institutional demand, as evidenced by ETF inflows and whale activity, plays a crucial role in supporting this bullish case. Analysts suggest that if Ethereum can maintain this momentum, it could see a significant upside in the coming months [4].

Ethereum’s performance has also been bolstered by a declining supply of tokens on exchanges, with the latest data indicating that Ethereum’s exchange supply has hit a three-year low of 17.4 million ETH. This reduction in available liquidity has been interpreted as a bullish signal due to decreased selling pressure, suggesting potential for sharp upward movements in the fourth quarter [3].

In summary, the recent acquisition of over 10,000 ETH by a whale investor from Galaxy and FalconX is part of a broader trend of institutional confidence in Ethereum. This trend is supported by diverging whale behavior, rising ETF inflows, and a declining exchange supply. While the price of Ethereum faces potential volatility, the underlying accumulation and technical indicators suggest a strong case for further appreciation in the near term.

Source:

[1] Bitmine Stacks Fresh $358M Worth ETH From Galaxy, FalconX (https://finance.yahoo.com/news/bitmine-stacks-fresh-358m-worth-052700777.html)

[2] What Does the Divergence Between Ethereum Whales ... (https://www.mitrade.com/insights/news/live-news/article-3-1094685-20250904)

[3] Ethereum Could Rally Toward $5000 After Breaking ... (https://www.bitget.com/news/detail/12560604950920)

[4] This Week in Crypto: Ethereum Whales, Tron Activity, ... (https://zypto.com/blog/weekly-crypto-news/sept-4-2025/)