Ethereum Whales Stack Up as Price Plunges

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Ethereum lands at about $1,976.42, well below the whales’ cost basis. Big holders are sprinting to buy, because apparently the market needed a little existential crisis.

Right now ETH sits around $1,976.42, after a 4.25% slide in 24 hours and a 12.98% drop for the week. The big holders are underwater, yet they’re snapping up more tokens like it’s a clearance sale. The market cap hovers around $238.4 billion.

According to CW8900 on X, whales started piling in June 2025. ETH now trades below their entry price-the price at which they began loading up. CW8900 notes the price is beneath the level that drew them in.

In the last hour, losses hit 0.56%. The price action stays under pressure, and Coin Bureau reminds us ETH is trading below its realized price.

📉 ETH is now below the whale cost basis, basically underwater. Despite that, the whales are stacking even more aggressively-high conviction, or they just really love the vibe of red numbers.

Whatever it is, the bets are on higher prices, apparently.

Source: Coinbureau

Accumulation Intensifies Below Cost Basis

Full-scale buying started in June. CryptoQuant tracks the whale addresses-and yes, they bought higher than your grocery budget would approve.

“Their accumulation is proceeding even more aggressively,” CW8900 notes. The conviction remains high. Coin Bureau echoes this pattern: “They’re stacking even more aggressively, signaling a bet on higher prices ahead.”

Weekly metrics show a 12.98% decline; the daily chart is down 4.25%. Market cap is around $238.5 billion.

Current levels look tasty to whales. The price slipped below the June accumulation point, yet addresses keep stacking ETH like there’s a limited-time sale.

Whale Behavior Defies Price Drop

Big holders keep increasing exposure. History shows accumulation often precedes rallies. This gap creates unrealized losses for now.

ETH trades beneath the realized price threshold. CryptoQuant keeps the receipts. CW8900 notes prices fell below whale cost. The one-hour move is a 0.56% dip.

Major holders stay convinced despite losses. According to Coin Bureau on X, whales bet on higher prices and their buying has intensified lately.

This creates a fascinating dynamic: prices slip, but whale purchasing accelerates. ETH has lost value across all timeframes, with seven-day data showing sustained pressure.

Whale addresses began accumulating in June 2025. The current price sits below that level. “The current price is below the price at which they began accumulating,” CW8900 states. Whales see levels as opportunity, apparently.

The market cap stands around $238 billion. Hourly losses add up, but the largest holders keep stacking aggressively.

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2026-02-11 22:34