- ETH whale holdings reach an all-time high of 20.6M ETH in September 2025.
- Accumulation by large holders suggests potential bullish momentum for ETH.
- Reduced supply in circulation could drive future price increases.
Ethereum Whales Reach Record 20.6M ETH Holdings
The cryptocurrency market is buzzing with excitement as Ethereum (ETH) whales—addresses holding between 10,000 and 100,000 ETH—have reached an all-time high of 20.6 million ETH, according to recent data from CryptoQuant shared by Coin Bureau. This surge, highlighted in a chart spanning October 2024 to September 2025, shows a steady accumulation by these major holders, especially noticeable since mid-2025. The increase in whale balances, juxtaposed against ETH’s price movements, suggests a strong conviction among large investors, potentially signaling a bullish outlook for the asset.
Community Optimism Points to Bold Price Targets
This accumulation trend comes at a time when Ethereum’s ecosystem continues to evolve, with ongoing upgrades and growing adoption driving interest. The chart indicates that while ETH’s price has experienced volatility, whale holdings have consistently risen, peaking at 20.6M ETH in September 2025. This tightening of supply in the hands of major players could foreshadow a significant price movement, as reduced circulating supply often precedes upward price pressure in crypto markets.
Community reactions on X reflect this optimism, with users predicting ETH could hit $5,000 or even $10,000 by year-end, fueled by whale activity and an anticipated altseason. However, the market remains cautious, as historical data shows whales often position themselves ahead of major trends, not always chasing pumps. Analysts suggest this could be a strategic move to capitalize on upcoming liquidity-driven rallies or institutional adoption.
Implications for Ethereum’s Market Outlook
For investors, this development underscores the importance of monitoring whale behavior. As ETH’s network strengthens and demand grows, the actions of these major holders could play a pivotal role in shaping the market’s future. Whether this marks the beginning of a sustained rally or a strategic hold remains to be seen, but the record 20.6M ETH in whale wallets is undoubtedly a milestone worth watching.
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.
