Whales Scoop Up $2.77B in ETH Since July 9
Ethereum whales accumulate over 722,000 ETH worth $2.77B, with 73,821 ETH added in just 8 hours.
- Whales added 73,821 ETH worth $283M in 8 hours
- 11 new wallets accumulated 722,152 ETH since July 9
- Signals strong institutional interest in Ethereum
Massive ETH Accumulation Continues
Ethereum whales are on a buying spree—and it’s getting serious. In the last 8 hours alone, three newly created wallets acquired a staggering 73,821 ETH, valued at around $283 million. This comes as part of a larger trend where 11 fresh wallets have accumulated over 722,152 ETH ($2.77 billion) since July 9.
These aren’t just random purchases. On-chain analysts believe the wallets are associated with institutional players or high-net-worth individuals making strategic moves ahead of key market events. The pattern is clear: major investors are betting big on Ethereum’s long-term value.
What’s Fueling the Whale Activity?
Several factors could be driving this surge in Ethereum whale accumulation:
- Ethereum ETF buzz: With increasing chatter around a potential spot ETH ETF approval, large players may be positioning themselves early.
- Staking rewards: ETH’s staking model allows holders to earn passive income, making it attractive for long-term accumulation.
- Network strength: Ethereum remains the dominant smart contract platform, and upgrades like Dencun and Proto-Danksharding are boosting optimism.
The fact that these are new wallets suggests stealth accumulation—likely to avoid drawing attention or impacting prices during purchase.
Market Impact and What’s Next
The scale of this buying activity is too large to ignore. If accumulation continues at this pace, it could significantly reduce available supply on exchanges, potentially driving up prices.
Retail investors and traders should watch wallet flows closely. Whale accumulation is often a bullish signal, indicating confidence in future price movements.
While short-term volatility is always possible, the broader trend shows Ethereum is still a top pick for serious crypto players.
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