- Ethereum whales keep accumulating despite price swings, showing strong conviction and hinting at potential long-term growth.
- Whale addresses hit a record high as 97% of holders profit, boosting institutional confidence and market strength.
- Low Bitcoin correlation and rising high-value wallets signal Ethereum’s independent momentum and strong network fundamentals.
Lookonchain reports a surge in Ethereum whale transactions, signaling growing investor confidence despite recent market volatility. The activity spans both institutional and high-net-worth retail players.
According to Lookonchain, the Infini Exploiter offloaded another 1,771 ETH worth $7.44 million at $4,202. The same wallet had earlier sold 1,770 ETH at $3,321 and moved 4,501 ETH to TornadoCash in July.
Despite these sales, it still holds 9,154 ETH valued at $38.85 million. Additionally, an Ethereum ICO participant who bought 20,000 ETH for $6,200 in 2014 has now sold 2,300 ETH worth $9.91 million, leaving 1,623 ETH.
Strong On-Chain Metrics
Recent data from IntoTheBlock highlights overwhelmingly positive ETH market dynamics. 97% of ETH holders are in profit, while only 2% face losses. Besides, 55% of the supply is held by large investors, indicating institutional confidence but also potential liquidity risks in volatile markets. Transaction activity is evenly split, with 52% from Western regions and 48% from Eastern markets.
Source: IntoTheBlock
Moreover, Ethereum’s price movement shows minimal correlation with Bitcoin, at just -0.03. This decoupling suggests ETH can move independently from broader crypto trends. Holder behavior is strong, with 75% keeping positions for over a year. Large transaction volumes totaling $93.78 billion over the past week further reinforce robust institutional involvement.
Whale Accumulation Hits Yearly High
Addresses with at least $10,000 in Ethereum are at an all-time high, according to Coin Bureau statistics from Glassnode. From 550,000 in April, this figure jumped to 868,886 by the middle of August. When Ethereum soared from $2,000 levels in early May, this steady growth started.
Source: Coin Bureau (X)
Additionally, whale accumulation has persisted despite price declines, indicating sustained faith among significant investors. Instead of indicating speculative activity, this pattern indicates smart positioning. The recent increase in whale addresses in spite of volatility shows that Ethereum’s network is strong and has long-term promise.
