Whales Gobble Ethereum Like It’s Going Out of Style 🚀

by

The big fish in the crypto pond aren’t letting the recent price dip deter them from snagging more Ethereum – they’re accumulating like there’s no tomorrow 🤑. Large transactions over the past 24 hours show whales adding to their stash, because who doesn’t love a good sale? 🎁

According to Lookonchain data, one fresh wallet, which has been on a three-day accumulation streak, received 25,213 ETH (worth $94.67 million) from FalconX in the early hours of July 22, 2025. The transaction pushed its total holdings to 72,333 ETH, valued at roughly $267 million at current prices. Talk about a whale of a deal 🐳!

Around the same time, another newly created wallet withdrew 5,309 ETH ($19.96 million) from Binance, boosting its holdings to 19,391 ETH, worth $72.38 million. It’s like they’re competing in some sort of crypto Olympics 🏅.

Whales keep accumulating $ETH!

Fresh wallet 0x8eEa received another 25,213 $ETH($94.67M) from #FalconX 3 hours ago, with a total of 72,333 $ETH($267M) in the past 3 days.

Fresh wallet 0xD479 withdrew another 5,309 $ETH($19.96M) from #Binance 1 hour ago, with a total of 19,391…

— Lookonchain (@lookonchain) July 22, 2025

But it’s not just newbies making waves. A long-dormant whale, which had been snoozing for two years, recently woke up and joined the party 🎉. This wallet scooped up 34,033 ETH in minutes for about $128.68 million, signaling fresh confidence in the asset at current price levels. Guess they heard the party was lit 🔥.

Institutional demand is also fueling this momentum. Asset manager BlackRock has spent approximately $1.76 billion buying ETH over the past week, according to Arkham Intelligence. Earlier today, the firm purchased another 27,158 ETH, worth around $100 million. They’re basically the Ethereum vacuum cleaner 🧹.

BlackRock’s accumulation comes as demand for Ethereum ETFs continues to surge, with inflows hitting record levels since their inception. It’s like they’re trying to drink from a firehose, but the firehose is just pouring more Ethereum 💧.

However, not everyone is buying the hype. Lookonchain data shows some large holders are already taking profits, because who doesn’t love a good payday 💸? One tracked whale recently sold 8,005 ETH at $3,751 for $30.03 million. Just two weeks earlier, the same wallet had bought 9,582 ETH for $26.11 million at around $2,725, securing a $9.87 million profit, a 38% gain in just 14 days. Talk about a quick flip 🤹‍♀️.

This selling pressure likely contributed to today’s dip, which saw Ethereum hit an intraday low of $3,620 before rebounding to $3,649. ETH is down about 3.1% in the past 24 hours and sits 5.2% below this week’s high of $3,850. Still, it’s not like it’s the end of the world 🌎.

Despite the pullback, ETH is still up 23% on the week and 62.3% over the past month, keeping market sentiment positive for higher price targets. So, all you normies out there, don’t worry, the whales have got this 🐳.

Read More

2025-07-22 16:02