- Three Ethereum -Walvissen, including a linked to Consensys, bought more than $ 364 million from ETH for 24 hours.
- ETH is missing on a full whale for the time being and leaves the Altcoin in a range with muted momentum.
The last day, Ethereum [ETH] Large entities have made a strong comeback and have accumulated hundreds of millions in ETH. Thus several transactions with large entities have been observed by monitors on chains.
Whales that quietly load ETH
According to Lookonchain, Abraxas Capital withdrawn 13,771 ETH worth $ 36.4 million from Binance. This was not their first accumulation – Abraxas has been active in the past two months.
Subsequently, a newly created wallet retired 3056 ETH worth $ 7.96 million from Binance.
However, the most striking whale activity on the past day includes consensys.
According to Arkham Intelligence, a whale linked Consensys gained $ 320 million in ETH from Galaxy Digital.
After this acquisition, the whale transferred it to a new address and stopped $ 120 million in ETH with the liquid collective.
In total, these three whales have acquired no less than $ 364.36 million in ETH tokens. Such a massive accumulation not only indicates bullishness, but also conviction in the market.
Of course, such inflow tends to increase the purchasing pressure and to propose optimism for a short -term rebound.
Large transactions trend down
Despite these whale chanties that were observed last day, whale activity has decreased across the board.
Six months ago, when Ethereum traded at around $ 3,819, there were a total of 65,600 large transactions worth more than $ 100,000.
During this time, transactions between $ 100,000 and $ 1 million accounted for 53,800 transactions.
The cohort for transactions between $ 1 million and $ 10 million registered 10,500 transactions, while they had more than $ 10 million 1,300 transactions.
Source: Intotheblock
Fast-forward until May 2025 ENH acts on ~ $ 2,590 and the figures look drastically different.
As such, the value of $ 100k to $ 1 million saw 33.9k transactions, while it was worth $ 10 million to $ 10 million $ 5.8k transactions, with transactions worth more than $ 10 million to 590.
Currently, the total major transactions have fallen to 5.26k, which indicates a huge dip in whale activity.
Source: Intotheblock
What is the next step for ETH?
So what does this mean for ETH in the future? On the one hand, whale accumulation – such as the $ 364 million bought this week – that some large holders still believe in favor of ETH.
On the other hand, the decrease in the number of transactions indicates that many whales are currently inactive.
Of course ETH does not need all whales to move the needle, but their support is crucial for generating strong rallies and potential FOMO.
At the moment that support seems broken.
Source: Intotheblock
On the positive side, it seems that those who have been left on the market are not sellers, but buyers, which gives some hope to bring participants to the market.
The whale network ratio fell to -1.18, which means that more ETH will leave from fairs than to them. In short, not selling whales – they keep or buy.
This could be the first signal of a potential return of interest. However, a strong trend removal is not yet in sight.
With prevailing market conditions, Ethereum misses strong support from large whales, so we will see the Altcoin exchanged aside.