Ethereum Whales Add 871k ETH as Whale Holdings Hits 14.3 Million ETH

Key Insights

• Ethereum Whales Accumulate Aggressively, Adding Over 871K ETH in a Single Day

• ETH whale wallets hits 14.3 million ETH

Ethereum Whale Accumulation Soars

Ethereum's recent price stability has seen key players turn to accumulation especially whales. As per Glassnode data, whale wallets are on a major accumulation spree.

Ethereum whale net position change from December to June shows significant fluctuations in ETH price and holdings for addresses with 1k to 10k ETH. The graph highlights a notable increase in whale positions during June.

For nearly a week now, large Ethereum holders have been consistently adding more than 800,000 ETH per day to their balances.

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The buying pressure has pushed the total ETH holdings of wallets holding between 1,000 and 10,000 ETH to over 14.3 million ETH a significant milestone that reflects growing confidence among large investors.

On June 12, Ethereum whales added over 871,000 ETH in a single day, marking the largest daily net inflow year-to-date. The same was witnessed on 16th June with over 400k ETH tokens accumulated by large holders.

Chart depicting Ethereum's large holder inflow (blue) alongside price fluctuations (black), highlighting significant inflow spikes amidst varying price levels.

This surge suggests that institutional players and sophisticated traders are positioning for a longer-term upside move, potentially in anticipation of upcoming catalysts such as ETF developments, L2 scaling milestones, or macroeconomic shifts favoring crypto.

Such aggressive accumulation, especially at this scale, often precedes major price moves. Historically, sustained inflows to whale wallets have signaled a strong conviction in Ethereum’s medium to long-term trajectory.

Graph illustrating Ethereum large holder netflow: Blue line represents significant fluctuations in netflow, peaking at 480.45k ETH, against a backdrop of price changes indicated by the black line, ranging between $2,000 and $3,000.

While they are buying, the group is not selling as large holders netflow still holds positive currently sitting around 121k. A strong accumulation from whales without outflows reflects growing optimism as investors anticipate gains.

Is ETH Finally Ready to Rally?

Although whales are bullish and continue to accumulate, other market players especially retail are highly bearish. Bearishness among retail has seen small scale investors turn to significant selling activity.

Graph showing Ethereum exchange netflow and price trends between mid-May and mid-June, illustrating fluctuating netflows with significant peaks in both inflows and outflows against the USD price movement.

Over the past day, after massive exchange outflow, exchange netflows have flipped positive again. This is another sign that some market players are aggressively selling where exchange inflow has reached 440k ETH as of this writing.

With whales buying while other are selling, Ethereum will remain volatile and stuck in a consolidation range. In short term and mid term ETH will continue to trade sideways between $2.4k and $2.7k. A breach of $2.4k support will send ETH below $2k again.