Whale wallets collected over 871K ETH on June 12 making it the largest buy day since 2017.
The total holdings in 1K to 10K ETH addresses rose to 14.3M after seven days of steady gains.
This move in June followed similar whale activity that happened just before big rallies in past cycles.
Ethereum whales added over 800,000 ETH daily for a full week, pushing total holdings above 14.3 million in large wallets. According to on-chain data from Glassnode shared on June 17, 2025, wallets holding between 1,000 and 10,000 ETH experienced their most aggressive net accumulation since 2017. The largest single-day increase was recorded on June 12, when 871,000 ETH were added. This spike marks the highest daily whale accumulation level in more than seven years.
https://twitter.com/MikybullCrypto/status/1934946862693335137 Whale Wallets Increase Holdings Rapidly
The graph tracks three key indicators: ETH price in USD, the amount of ETH held by 1k–10k ETH addresses, and the whale net position change. The black line shows ETH price action, the red line traces supply in whale wallets, and the purple bars display net position change over time.
Since early June, the whale net position has climbed steadily. In the days leading to June 12, daily inflows into whale addresses consistently surpassed 800,000 ETH. This accumulation streak lifted whale holdings from below 13.2 million to more than 14.3 million ETH.
The June 12 volume spike represents a turning point in accumulation behavior. Glassnode data confirms this is the strongest daily buy action since Ethereum's peak accumulation era in 2017. The surge occurred as ETH traded near the $3,600 level, suggesting confidence in mid-range price entries.
Price and Position Divergence Narrows
Over the last six months, price movement and whale holdings have shown divergence. As price dipped in March and April, whale net positions contracted. The lowest point in net accumulation occurred in late April, where outflows briefly crossed 100,000 ETH daily.
However, beginning in early May, whale behavior reversed. Gradual accumulation began building from the 12.8 million ETH mark and intensified through June. Price also climbed in this period, reaching a local high above $3,700 before slight consolidation.
The data reflects a clear narrowing of the gap between price and accumulation. Whale wallets now hold their largest collective ETH balance since early 2022. The last time a similar buildup occurred, it preceded a sustained upward trend in ETH’s price action.
Such position shifts are closely watched as leading signals for institutional sentiment and market positioning. The magnitude of the current accumulation mirrors previous pre-bull phase activity seen during 2017 and 2020.
Is Ethereum Preparing for Its Next Major Move?
This behavior prompts a pivotal question: is Ethereum preparing for a major move triggered by whale demand at scale?
The net position chart suggests growing confidence from deep-pocketed addresses. Analysts tracking historical on-chain trends point to the June 12 spike as a technical equivalent to previous cycle take-off points. The absence of major sell-offs amid rising prices further supports this theory.
Whale accumulation generally indicates anticipation of long-term price growth. When similar accumulation occurred in previous cycles, it preceded rallies lasting several months. The current build-up, with over 800,000 ETH added per day, signals strategic stacking by large holders.
As ETH price remains steady near the $3,500–$3,700 range, volume data suggests whales are not waiting for deeper pullbacks. If this pace continues, market watchers may see Ethereum test higher resistance zones faster than expected.
