Disillusioned Ethereum whales continue to get rid of coins, thereby burying the hopes of ordinary members of the crypto community for a revival of the bull rally.
According to research firm Lookonchain, two major whales sold ETH from June 16 to 17:
An ICO participant who bought 2,000 Ethers ten years ago for just $620 has finally become active and transferred the acquired coins to the Binance exchange, which are now worth $5.13 million;
Another investor, who started investing in ETH seven years ago, decided for the first time in the last two years to sell coins and sent 501 ETH worth $1.29 million to the Kraken platform.
Unlike the ICO participant who disposed of all their coins, the wealthy owner of digital assets who transferred ETH to Kraken still holds 8,052 Ethers worth $20.77 million. Therefore, it can be assumed that he has not written off the cryptocurrency and hopes for a rise in its price in the distant future.
Digital assets on the balance sheet of a crypto whale
Since the beginning of 2025, Ethereum has decreased by 29% and its current price is $2,580; therefore, the sale of coins by whales surprises few. However, many users on the betting platform Kalshi still believe in an upcoming bull rally in the ETH market. This is evidenced by the fact that the probability of the digital asset reaching a value of $4,000 this year is 35%. Some hotheads predict the price of the coin could rise to as much as $5,000.
