Ethereum is seeing its biggest whale accumulation in seven years, with large holders buying massive amounts of ETH. On June 12, 2025, wallets holding between 1,000 and 10,000 ETH added more than 871,000 ETH in a single day.
This is the highest daily inflow of whales this year and the largest since 2017. For almost a week, daily whale inflows have topped 800,000 ETH, pushing their total holdings to over 14.3 million ETH.
According to data from Glassnode, these wallets now control 27% of Ethereum’s supply. Also, this buying trend has ended a months-long slowdown in whale activity. Despite ETH’s price staying flat, large investors seem to be preparing for something big.
Analysts say whales are likely positioning ahead of major events in the Ethereum ecosystem. Possible reasons include upcoming upgrades, rising adoption of Ethereum for real-world assets, and growing interest in crypto from institutions.
This scale of buying hasn’t been seen since 2017.” Glassnode noted. The spike in accumulation also mirrors trends seen before earlier bull runs.
Currently, Ethereum is holding up around $2,548. It has failed to break past $2,700 several times, making the zone a strong resistance zone.
On the Daily chart via TradingView, ETH has been moving sideways since May 11, with rejections coming from the bulls and bears. The Relative Strength Index RSI is at 54, which means the momentum is weak and neither of the parties is controlling the market. However, the 1-hour chart is showing signs of selling pressure after a recent break of structure to the upside. Still, whales continue to buy.
At the same time, Ethereum staking is reaching new highs. More than 35 million ETH is now staked, according to CryptoQuant and Onchain School. Accumulation addresses, majorly wallets that have never sold, are also at an all-time high, holding 22.8 million ETH. This shows that many holders are in it for the long run.
Additionally, activity on Ethereum’s Layer 2 networks is rising too. USDC transfers on Arbitrum and Optimism have grown fast. Ethereum Name Service (ENS) whale transactions spiked 313.5% in the second week of June. Lending protocols also saw a 203.8% jump in whale activity.
Also Read: Ethereum Open Interest Nears $40B, Will ETH Price Catch Up?
