Ethereum (ETH) whales continue to accumulate, attracting widespread market attention. On-chain data indicates that since July 9, only 11 new wallets have collectively absorbed approximately 722,000 ETH, worth about $2.77 billion, with an average entry scale of over 65,000 ETH per wallet. This astonishing accumulation rate highlights the strong confidence of institutions and large holders in the long-term value of ETH. In the past 8 hours, 3 new wallets have added 73,821 ETH (approximately $283 million). At the same time, a report indicates that a mysterious address has transferred and held 79,461 ETH through over-the-counter trading channels within three days, valued at about $282.5 million, with significant implications for market liquidity and price support from a single large purchase.

Since July, the number of “mega whale” addresses holding at least 10,000 ETH has surged by over 200. These new whales are mostly exchanges, large custody institutions, or entities involved in exchange-traded products (ETPs), indicating that capital is flowing into the Ethereum ecosystem from diverse channels. Meanwhile, traditional financial giants are also increasing their positions: BlackRock's Ethereum Trust ETF has raised $1.7 billion over the past ten consecutive trading days, further confirming institutional enthusiasm for ETH asset allocation.

Additionally, there have been cases of a single entity gradually accumulating over 100,000 ETH, with a total value of approximately $363.58 million. This reflects that some “stable anchor” large holders are buying on dips or expect Ethereum to catalyze a new round of price increases in the second half of the year. Furthermore, publicly available data shows that a certain listed company disclosed holding 833,000 ETH as of August 4, of which 208,000 ETH was recently added, with a market value of about $2.9 billion; company executives stated, “ETH is currently severely undervalued, closely related to the widespread adoption of Layer solutions.”