- Ethereum whales added over 1 million ETH from January to June as prices plunged, signaling strategic long-term accumulation.
- June marked the peak of ETH whale accumulation, with holdings reaching 14.2M ETH as prices stabilized between $1,800 and $2,400.
- Whale behavior shows confidence in ETH recovery, buying heavily during price dips while retail investors sold in panic.
Ethereum whales are accumulating ETH following a market correction. Data reveals heavy buying activity in June, reversing earlier panic sales. On-chain behavior highlights strategic positioning by large holders, especially amid depressed prices and volatile sentiment.
Four days ago, two wallets sold 4,598 ETH at $2,383, converting to $10.95 million DAI. However, just three hours before Lookonchain’s latest report, the same wallets repurchased 4,455 ETH for the same amount. This time, they paid $2,459 per ETH, accepting a loss of 142 ETH, or $353,000. This pattern shows classic whale behavior—selling low and buying back higher during rebounds.
Whale Positioning Intensifies During Market Lows
Ethereum’s price dropped from around $3,700 in December 2024 to $1,300 by mid-March 2025. A 65% decline in just three months. However, large wallets holding between 1,000 to 10,000 ETH increased holdings during this period. These whale addresses were added from January through February as prices ranged between $3,000 and $2,500.
Source: Kamran Asghar
Consequently, ETH supply held by these addresses rose from 13.2 million to 13.6 million ETH. Despite March bringing the sharpest decline, with ETH falling below $1,500, the trend of accumulation held strong. Whale net positions turned briefly negative, showing some distribution as panic gripped the market.
June Sees Record-Breaking Accumulation Activity
By April, Ethereum’s price began stabilizing between $1,500 and $2,000. Whale behavior remained mixed, with positions alternating between gains and reductions. However, the most notable trend emerged in May and June.
In May, whales resumed accumulation as ETH held around $1,800. Supply in whale wallets climbed toward 13.8 million ETH. By June, the accumulation reached unprecedented levels. The purple bars on the net position chart showed their highest values yet. Moreover, ETH traded between $1,800 and $2,400, providing an ideal entry point for large-scale buys.
Besides, total ETH held by whale addresses climbed to 14.2 million ETH by June’s end. This marked the highest supply level in months. The pattern reinforces the strategy whales use—accumulating heavily during oversold conditions while retail panic-sells.
This whale behavior could signal bullish sentiment returning to Ethereum. Their capital deployment during weakness indicates long-term confidence. Moreover, continued accumulation amid recovery may prepare for an extended upward trend in ETH price.
