Crypto whales are back in business, showing record Ethereum purchases and signaling strong institutional interest as a new accumulation phase unfolds.
In early August 2025, two major Ethereum whale wallets spent over $400 million buying ETH during a recent dip near $3,300, demonstrating long-term confidence rather than short-term speculation.
One whale accumulated around $300 million worth of ETH via Galaxy Digital’s OTC desk, currently holding about 79,461 ETH valued near $282 million.
Another institutional investor, SharpLink, added 30,755 ETH (over $100 million) to its holdings in just two days.
There’s been an impressive surge of over 200 new “mega whale” wallets holding more than 10,000 ETH each since July, including exchanges, custodians, and investment funds.
BlackRock’s Ethereum ETF also saw $1.7 billion inflows in 10 consecutive trading days—adding to the accumulation momentum.
On-chain activity supports this with nearly 1 million active daily ETH addresses, highlighting growing usage and adoption.
Experts suggest this whale-buying spree reflects optimism in Ethereum’s growing role in global finance, pointing to a potential major breakout if buying pressure and institutional inflows continue.
In short: Major whales and institutions are loading up on Ethereum during recent price dips, setting the stage for possible stronger price momentum ahead. This is a clear sign of confidence in ETH’s long-term trajectory despite short-term market volatility.