Institutional Whales Feast as Panicking Traders Toss Away ETH Bargains: You Won’t Believe Who’s Laughing! 😂

by

Ethereum

ETH
$2 551


24h volatility:
0.7%


Market cap:
$307.92 B


Vol. 24h:
$11.68 B

Ah, Ethereum, that capricious muse—she lingers obstinately above the $2,500 threshold, unwilling to be hurried along by the fevered shouts of her retail suitors.

As sunburnt peasants (or—how do you say—“retail investors” with trembling hands and Twitter feeds?) flee the marketplace amidst a modest decline from her monthly heights (recently $2,880—a number not even grandmother would sniff at), in stride come the nobles and great landowners, nicknamed in our age as “smart money.” These titans, with the indifference of men used to winning, pick up discarded coins from the trembling populace, perhaps whistling all the while.

One’s brow would furrow to witness, through the icy lens of “on-chain data,” a great migration: wallets fattened with 1,000 to 10,000 ETH swelling to yearly highs. Glassnode, that ever-watchful chronicler of digital misery and fortune, records these moments of accumulation. What dreams do these whales dream as they gorge?

Smart money is buying $ETH while you are panic selling. 🫣

— Crypto Lord (@Thecryptolord_) June 19, 2025

And lo—on the 20th of June, a particularly bold whale borrowed $10 million in USDT from Aave, as if it were some trivial sum for a glass of kvass, and purchased 3,983 ETH at $2,510. Ethereum now drifts at $2,545. The curtains ripple, but the actors do not move; all is suspense, but little action.

Whale 0x9992 borrowed 10M $USDT from Aave to buy 3,983 $ETH at $2,510.64 again 4 hours ago. 🐳

— Lookonchain (@lookonchain) June 20, 2025

Meanwhile, the Ethereum network is bustling like a provincial fair on a spring day. Santiment, the village gossip given form, whispers of wallet creation: between 800,000 and 1 million new hopefuls carving their names into the blockchain weekly. A year ago, we were but children, content with 560,000–670,000. Ah, how we grow, and how absurdly busy this road to Svyatogorsk has become!

📊 As Ethereum trades right at the $2,500 level, the utility and growth of the network continues looking healthier than ever. The amount of new weekly $ETH addresses created is ranging around 800K-1M per week, compared to about one third less at this point last year. 😏

— Santiment (@santimentfeed) June 19, 2025

Another curiosity: the Ether staked on the network rises with all the gravity of a Dostoevsky plot twist. From June 1 to June 16, over 500,000 ETH found their way into staking pools—total staked supply now stands above 35 million ETH. Perhaps, soon, the only ETH in the wild will be found in fairytales and wallet screenshots.

Every new stake locks up more ETH, and if demand should linger, prices might surge—unless, of course, the universe insists on laughing in our faces.

Spot ETH ETFs Draw Heavy Inflows

But let us not forget our dear ETFs, those modern chimera. Despite a brief Friday nap (who doesn’t need a little time off?), these funds show three straight days of inflow this week. Never before have so many bankers pretended to know what a blockchain is.

SoSoValue, sounding rather pleased with itself, reports net inflows into spot ETH ETFs topping $861 million these past two weeks—the most since January, if you can imagine. Some are calling this “growing confidence from traditional finance.” Others call it FOMO in a three-piece suit.

Cynics, also known as “X analysts,” brandish charts like sabers, staring at $2,800 as if it were the gates to paradise. A breach, they warn, and we might see a “violent move upward.” Because what is ETH if not perpetual promise and a standing invitation to chaos? 🚀

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2025-06-20 16:40