Ethereum Whales Scoop Up $3.15B in ETH, Driving Price Surge
Ethereum whales amassed $3.15B in ETH as retail sold, helping push ETH price back to $3,400.
- Whales and sharks bought over 934K ETH in 3 weeks
- Retail traders dumped over 1,000 ETH
- ETH price surged 8.5% to reach $3,400
Ethereum is once again catching attention, but this time it’s the big players making the moves. Over the last three weeks, Ethereum whales and sharks — wallets holding large amounts of ETH — have quietly accumulated a massive 934,240 ETH, valued at $3.15 billion, according to data from Santiment.
This quiet yet strategic accumulation by major holders has come during a time when smaller retail investors have gone the opposite direction. Retail wallets, typically holding less than 100 ETH, have collectively dumped 1,041 ETH. This behavioral split reveals a classic market pattern: retail panic selling while large investors buy the dip.
Ethereum Price Climbs as Retail Sells
The result of this accumulation is clear — Ethereum’s price has surged 8.5%, returning to the $3,400 level. This rally shows that whale movements often act as a precursor to price trends. Historically, significant buying activity by whales has led to upward momentum in ETH’s price, and this time appears to be no different.
Interestingly, this accumulation happened during a relatively quiet period in the market. With low volatility and uncertainty surrounding altcoins, the move suggests confidence from large investors in Ethereum’s medium to long-term outlook.
What This Means for the Market
Retail investors might view the current price rise as a reason to re-enter, but the smart money has already made its move. The divergence between whale accumulation and retail selling may also indicate that institutional or experienced investors are positioning themselves for a potential Ethereum breakout or upcoming bullish catalysts, possibly related to ETH 2.0 developments or broader crypto market trends.
For now, the signal is clear: Ethereum whales accumulation is back in focus, and it’s likely to shape the price action in the coming weeks.
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