Ethereum whales continue to accumulate, showing institutional confidence!
#ETH巨鲸增持
The institutional figures behind whale behavior: ETH whales typically refer to addresses holding more than 10,000 ETH, which are mostly exchanges, large custodial institutions, or exchange-traded products (ETPs). In the past month, the number of such “super whales” addresses has increased by over 200, indicating that a significant amount of institutional capital is flowing into the ETH market, reflecting enhanced institutional confidence in ETH.
Large transactions highlight a long-term bullish attitude: For example, an anonymous address completed an accumulation of over 79,000 ETH through Galaxy Digital's over-the-counter trading channel in just three days, valued at over $280 million at current market prices. This large-scale short-term concentrated accumulation behavior indicates that institutions are very optimistic about the long-term value of ETH, believing that there is significant appreciation potential in the future, which justifies their substantial investments.
ETF capital inflow reflects allocation demand: BlackRock's Ethereum Trust ETF saw an inflow of $1.7 billion over the past ten trading days, with a 40% increase in holdings over the last month. ETFs are commonly used investment tools by institutional investors, and the continuous large inflow of funds indicates that institutions are incorporating ETH into their investment portfolios, with increasing allocation demand, which in turn reflects institutional confidence in ETH.
Ecological value drives institutional layout: As the core vehicle of decentralized finance (DeFi), ETH's value foundation is continuously solidifying. In May 2025, the transaction volume of stablecoins on the ETH mainnet reached $480 billion, accounting for 37% of the total DeFi transaction volume, while the staking mechanism brought annualized returns of 3%-5%, along with liquidity dividends from Layer 2 networks. Institutions recognize the ecological value of ETH and choose to continue accumulating to share in its developmental dividends.
Policy benefits enhance investment confidence: Support at the policy level also gives institutions more confidence to accumulate ETH. The U.S. is promoting the standardized development of the crypto sector, incorporating Bitcoin into strategic reserves and clarifying the regulatory framework for dollar stablecoins, indirectly strengthening ETH's position as an on-chain financial infrastructure; Hong Kong has breakthrough measures that include ETH as part of investment immigration assets, further enhancing its global reserve attributes, all of which encourage institutions to increase their layout in ETH.