$BTC

Ethereum's largest whales have significantly increased their Eth holdings, marking a stronger accumulation than seen before the 2022 rally.

These whales held over 41.06 million ETH, recovering from a record low of 37.56 million ETH in October 2024.

This accumulation rate is nearly double that observed between May and September 2022, when ETH's price surged from approximately $1,000 to over $1,950, a 95% increase.

A similar pattern was happened between November 2020 and January 2021, when whale holdings rose by 4%, and ETH's price increased from $460 to $1,220.