Ethereum whale frenzy is hitting a new peak, but the cryptocurrency's price action remans underwhelming
According to data provided by analytics platform CryptoQuant, there has been a substantial uptick in Ethereum inflows to accumulator addresses.
Notably, the largest spike in inflows took place in June 2025. This massive increase dwarfed the activity from the previous year.
However, it should be noted that the ETH price has barely budged despite the massive accumulation spike. This could potentially indicate that whales are accumulating tokens on the cusp of another price rally.
The accumulation spikes that took place earlier preceded price rallies, and this trend might continue this time around.
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