On-chain information reveals that deep-pocketed traders, also known as whales and sharks, are aggressively shopping for Ethereum. They proceed to build up even because the asset trades sideways slightly below the $4,000 mark.
On October 24, a blockchain analytics platform reported that wallets controlling between 100 and 10,000 ETH had elevated their holdings by greater than 218,000 ETH. At present market costs, the purchases are price over $870 million.
Whales Add $870 Million in ETH
Based on the agency, the timing of those purchases is notable contemplating this cohort had unloaded round 1.36 million ETH between October 5 and 16.
Sponsored
Sponsored
🐳🦈 Ethereum whales and sharks holding between 100 to 10,000 $ETH are lastly displaying some indicators of confidence. After -1.36M was dumped by this group between October fifth and sixteenth, they’ve added again near 1/sixth of it since. Optimistic signal for crypto’s #2 market cap. pic.twitter.com/tg1BWu60Lq
— Santiment (@santimentfeed) October 24, 2025
Notably, this era coincided with one of the vital risky stretches within the crypto business as greater than $20 billion in leveraged positions had been wiped from the market.
The downturn adopted President Donald Trump’s announcement of a 100% tariff on Chinese language items. The transfer rattled world threat property and triggered a quick flight from digital currencies.
Nonetheless, their latest spate of purchases means that confidence is steadily returning amongst Ethereum’s largest stakeholders. They’ve now reclaimed practically one-sixth of what they beforehand offered.
Contemplating this renewed wave of religion, ETH’s value has largely stabilized this week. It climbed about 2%, peaking close to $4,100 earlier than settling round $3,912 at press time.
Business specialists now interpret this stability as an early sign that whales are accumulating strategically quite than speculating on short-term swings.
That shift in conduct has additionally fueled optimism amongst merchants.
On Polymarket, a number of bettors predict that ETH may surpass $5,000 earlier than the yr ends, with some calling for a possible run towards $10,000.
Ethereum’s Value Odds in 2025. Supply: Polymarket
They argue that the community’s increasing function in stablecoins, real-world asset tokenization, and institutional settlement techniques may maintain this rally.
If that thesis holds, Ethereum’s latest whale accumulation will not be pushed by buying and selling momentum. As an alternative, it may mark early preparation for the following structural upswing in digital asset demand.
