Ethereum Experiences Surge in Whale Accumulation: A Look at Impressive Inflows

Surge in Whale Activity

On June 12, 2025, Ethereum witnessed an unprecedented wave of whale accumulation. Large wallet holders, specifically those possessing between 1,000 and 10,000 ETH, amassed over 871,000 ETH in just one day. This marks not only the highest daily influx of significant holders this year but also the most substantial accumulation seen since 2017.

Unprecedented Accumulation Volumes

For nearly a week, daily inflows from these whales have consistently exceeded 800,000 ETH, significantly boosting their combined holdings to surpass 14.3 million ETH. Data from blockchain analytics firm Glassnode indicates that these wallets now command approximately 27% of the total Ethereum supply. This resurgence in whale activity breaks a prolonged period of stagnation, showcasing large investors’ intentions to prepare for future developments despite a steady ETH price.

Potential Catalysts for Accumulation

Market analysts speculate that the recent whale buying spree may be strategically timed ahead of noteworthy events within the Ethereum ecosystem. Several factors may be contributing to this trend, including anticipated network upgrades, increasing real-world adoption of Ethereum, and rising institutional interest in cryptocurrencies. Remarkably, such significant accumulation trends have been witnessed before previous market rallies, as noted by Glassnode.

Current Market Dynamics

As of now, Ethereum’s price hovers around $2,548, struggling to surpass the critical resistance level around $2,700. This resistance has thwarted multiple attempts at breaking through, indicating a stronghold for both bulls and bears. Analyzing the daily chart via TradingView reveals a sideways movement in Ethereum’s price since May 11, with both buying and selling pressures being observed. Meanwhile, the Relative Strength Index (RSI) stands at 54, suggesting a neutral market momentum at this juncture.

Staking and HODLing Trends

In parallel, Ethereum staking is reaching unprecedented heights, with over 35 million ETH currently staked, according to data from CryptoQuant and Onchain School. The number of accumulation addresses, defined as wallets that have never sold their holdings, has also reached an all-time high, collectively holding 22.8 million ETH. This indicates a strong commitment among many investors to remain in the market for the long haul.

Layer 2 and Transaction Activity Growth

On another front, activity on Ethereum’s Layer 2 solutions has been on the rise. Notably, USDC transactions on Arbitrum and Optimism have increased sharply. Additionally, whale transactions involving the Ethereum Name Service (ENS) surged by an impressive 313.5% in the second week of June. Lending protocols, too, have seen a remarkable 203.8% increase in whale participation.

This accumulation of ETH and the accompanying market behaviors suggest that significant developments may be on the horizon for the Ethereum ecosystem, reflecting a keen anticipation among its largest investors.