Ethereum Whales Accumulate 1.49M ETH Amid Retail Profit-Taking

In a striking market development, Ethereum (ETH) whales and sharks—wallets holding 1,000 to 100,000 ETH—have accumulated 1.49 million ETH over the past 30 days, according to on-chain data from Santiment.

This 3.72% increase brings their total holdings to 26.98% of Ethereum’s circulating supply, signaling strong confidence among large investors. The accumulation contrasts sharply with retail traders cashing out profits, a trend tracked by Santiment since 2016.

This move comes as Ethereum navigates a volatile period, with whale activity often preceding significant price shifts. The data, shared on X on June 13, 2025, suggests these investors are betting on an impending recovery, a pattern reminiscent of a 2023 Bitcoinist report where Ethereum sharks amassed coins while whales sold, hinting at a potential market cycle turn. Historical parallels in traditional finance, such as post-2008 stock market recoveries documented in the Journal of Financial Economics, support the contrarian strategy of buying during dips, a tactic whales may be employing here.

While peer-reviewed studies on crypto wallet behavior are scarce, the accumulation aligns with economic theories of contrarian investing. As retail interest wanes, whale accumulation could drive ETH prices upward, especially if past trends hold—such as the 66% upswing following a similar 620,000 ETH accumulation in April 2024, per Cointelegraph. However, Ethereum faces immediate resistance at $4,100, with retail demand lagging in this bull run.

For investors, this whale activity is a double-edged sword. It may signal a bullish outlook, but the lack of retail momentum could cap short-term gains. As of 10:16 AM IST on June 14, 2025, all eyes are on whether this accumulation will spark a rally or if profit-taking will persist. Stay tuned to CoinCryptoNewz for the latest updates on this evolving story.

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.