#ETH巨鲸增持 Ethereum (ETH) whales continue to increase their holdings, attracting widespread market attention. On-chain data shows that since July 9, only 11 new wallets have cumulatively absorbed about 722,000 ETH, valued at approximately $2.77 billion, with an average entry size of over 65,000 ETH per wallet. This astonishing accumulation speed highlights the strong confidence institutions and large holders have in the long-term value of ETH. In the past 8 hours, 3 new wallets added 73,821 ETH (about $283 million). Meanwhile, Arkham Intelligence reported that a mysterious address transferred and held 79,461 ETH (valued at approximately $282.5 million) through Galaxy Digital's over-the-counter trading channel within three days, indicating that single large buy orders have significant implications for market liquidity and price support.
Since entering July, the number of 'mega whale' addresses holding at least 10,000 ETH has surged by over 200. These newly added whales are mostly exchanges, large custody institutions, or exchange-traded products (ETP), indicating that capital is flowing into the Ethereum ecosystem from diversified channels. Meanwhile, traditional financial giants are also increasing their presence: BlackRock's iShares Ethereum Trust ETF has accumulated $1.7 billion over the past ten trading days, further confirming institutional enthusiasm for ETH asset allocation.
In addition, there have been cases of a single entity gradually increasing its holdings of over 100,000 ETH, with a total value of approximately $363.58 million. This reflects that some 'pillar' large holders are strategically positioning themselves at lower prices, anticipating that the Ethereum ecosystem (such as Layer 2, Ethereum ETF, Ethereum 2.0 upgrade, etc.) will catalyze a new round of price increases in the second half of the year. Other public data shows that a listed company, BitMine Immersion Technologies, disclosed on August 4 that it holds 833,000 ETH, of which 208,000 (7.39%) were added recently, with a market value of approximately $2.9 billion; company executives stated, 'ETH is currently severely undervalued and is closely related to the popularity of Layer 2 solutions.'
The accumulation by whales has multiple implications for the market: in the short term, large buy orders can provide strong price support and reduce market volatility; in the medium to long term, a sustained trend of accumulation may indicate institutions' optimism about the prospects of decentralized finance (DeFi), smart contracts, and NFTs on Ethereum, potentially attracting more capital into the market. Investors can consider whale movements as an important market sentiment indicator, but should also be wary of short-term selling pressure resulting from large holders cashing out at opportune moments. Overall, Ethereum is at a critical stage of improving supply-demand structure and increasing institutional participation, and future prices may continue to oscillate upward under solid on-chain demand support.
