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✅ Ethereum Whale Accumulation Accelerates
Data from Glassnode shows wallets holding 10,000+ ETH have increased balances by 9.3% since October 2024, rising from 37.56M ETH to 41.06M ETH.
This surge suggests renewed confidence among large investors despite market volatility.
Whales may be positioning for major catalysts, including potential Ethereum spot ETFs, the growth of Layer 2 networks, and innovations like restaking protocols.
Rising whale holdings hint at a possible supply squeeze, especially if retail demand strengthens.
This accumulation trend reflects long-term faith in Ethereum’s shift toward staking economics and scalable infrastructure.
While ETH’s price has fluctuated between $3,000 and $3,500 recently, large-holder actions could indicate bullish sentiment for late 2025.
Investors should monitor whale activity as it often precedes significant price movements in the crypto market.