- Whale wallets mirror 2017 buying patterns before Ethereum’s last significant surge.
- Ethereum trading volume spikes 28.88% despite short-term price correction.
Ethereum whales are increasing their holdings despite a sharp price decline. Large wallets have ramped up accumulation, mirroring past bull market behavior. ETH’s price fell nearly 5% in 24 hours, but trading volume surged. Analysts are watching whale activity closely as a potential signal for the next significant move.
Whale Wallets Add Over 800,000 ETH Daily
Glassnode data shows that Ethereum wallets holding between 1,000 and 10,000 ETH have added over 800,000 ETH per day throughout the past week. Their combined holdings now exceed 14.3 million ETH. June 12 saw the largest single-day purchase of 2025, with 871,000 ETH acquired, the highest since 2017.
Analyst MikybullCrypto noted that Ethereum is “following 2017 on-chain accumulation steps,” suggesting a possible repeat of that cycle. In 2017, similar accumulation preceded a significant rally.
The current trend could be an early indicator of upward momentum building, even as short-term price pressure continues.
Price Drops as Volume Spikes and Sentiment Cools
At the time of writing, Ethereum is trading at $2,526.96 after a 4.85% drop in the last 24 hours, per CoinMarketCap data. Earlier, ETH reached a high of $2,657 before facing heavy selling. Despite the decline, 24-hour trading volume surged 28.88% to $29.43 billion, signaling high market participation.
Ethereum’s market cap now stands at $305.05 billion, with a fully diluted valuation of $305.12 billion. The circulating and total supply remain at 120.72 million ETH. The market response appears mixed, with cautious sentiment in the face of high-volume trading and aggressive whale accumulation.
What to expect
Ethereum’s next move shows the sharp contrast between whale behavior and short-term price action. Traders are monitoring whether this accumulation phase will lead to a breakout or remain a sign of long-term positioning. Either way, whale activity has become a key metric for those tracking Ethereum’s future trend.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
