As Ethereum sashayed upwards with all the grace of a cat who’s just spotted a saucer of cream, it found the $4,500 price mark about as welcoming as Aunt Agatha at a garden party-stiff, unyielding, and quite determined to spoil the fun. This obstinate barrier sent our plucky altcoin into a mild sulk, turning slightly bearish, much like a chap denied his afternoon whisky. Yet, from this dip sprang a curious flame in the hearts of the deep pockets-our crypto whales-who began hoarding ETH with the zeal of a butler collecting leftover sandwiches. 🐋
Mega Ethereum Whales: The Gathering of the Financial Titans
Though Ethereum’s upward gambol took a breather-possibly to catch its breath or have a quick nip of something strong-the grand whales, those portly investors with wallets fatter than the butler’s ledger, decided it was prime time to make bold plays. In recent days, a sudden surge of buying pressure among these marine magnates has turned heads and stirred the ticker tapes.
According to Niels, that astute crypto trader and co-founder of Ted Labs (a name which, frankly, sounds like a boutique dog grooming service), the uptick in mega whale wallet addresses signals a renewed ardour among those who consider ‘having a spot of lunch’ as acquiring a yacht. These leviathans of liquidity are stacking ETH faster than a mischievous schoolboy stacks homework excuses.
The expert assures us this whale frenzy resembles the bullish jubilee of 2021. Perusing the charts (which look like the scribbles of a rather enthusiastic mathematician), one notes a substantial accumulation by the expert cohort, which was historically followed by a satisfactory leap in Ethereum’s price.
Should this wave carry forth, Ethereum might well be gearing up for its next grand promenade, much like a debutante primping before the ball. Niels reports that wallets holding at least 10,000 ETH have swelled to a crisp 1,200-the sort of number that would make any treasure-hoarding dragon green with envy.
This whale congregation hasn’t been seen since the days when bulls marched proudly and bears hibernated. The expert, perhaps clutching his monocle, insists this is not mere idle jibber-jabber but a portent of something positively spiffing on the horizon.
These behemoths don’t dabble in short-term jiggery-pokery; no, when the whales gather, they’re planning their grand opera, not a quick tap dance. As Rand cheekily pointed out on X, these investors are sitting on unrealized profits nearing $45 billion-something not witnessed since the last time someone thought fundo hats were the height of fashion, nearly four years ago. 💰
ETH Vanishes From Crypto Exchanges Like Tea from Jeeves’s Tray
In tandem with this whaleish hoarding, the amount of Ethereum puffing on crypto exchanges is shrinking faster than the patience of a man listening to a bore. As CryptoGoos showcased on X, since August 2020, the Ethereum balance on exchanges has been on a slow, steady slide downhill.
At present, it’s clocked in at less than 14%, suggesting investors are moving their precious coins into safer harbours like staking and self-custody-because nothing says “I’m serious” like locking away one’s treasures. This exodus means less liquid supply floating around, which, for traders, is rather like trying to catch a cab on a rainy night-tricky, but not without its charm.
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2025-09-22 13:44