Ethereum Whales Make Bold Moves: Massive Accumulations Signal Confidence
Even with the prevailing negative sentiment in the crypto market, some large-scale investors, commonly referred to as crypto whales, are showing increased interest in Ethereum (ETH).
Blockchain tracking data from Lookonchain indicates that these major players are actively buying ETH despite the market downturn.
Recently, Lookonchain shared insights on social media highlighting significant transactions involving Ethereum. One notable purchase occurred on April 4, 2025, when a whale acquired 4,100 ETH for approximately $7.32 million.
This came shortly after the same investor had previously bought 3,195 ETH for around $5.97 million. It seems the strategy here is to gradually increase holdings by averaging the purchase price. In fact, since March 26, 2025, this whale has accumulated a total of 33,441 ETH, spending roughly $65.5 million at an average price of $1,959.
Another prominent whale made headlines by creating a fresh wallet and acquiring 11,463 ETH for $20.78 million, with an average price of $1,813, all within just six hours. This move signals a deliberate effort to take advantage of the current lower prices, suggesting confidence in the long-term potential of Ethereum.
The surge in whale activity prompts speculation about whether this might be an opportune moment for other investors to consider buying ETH. The substantial acquisitions by these crypto giants hint at potential optimism, even as the market remains cautious.
As of now, Ethereum is trading around $1,790, reflecting a slight increase of over 0.90% within the last 24 hours. However, trading volume has decreased by 30% compared to the previous day, suggesting reduced market engagement despite the price uptick.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
