Ah, Ethereum! The grand stage where the whales, those magnificent creatures of the deep, have decided to gather once more. On the fateful day of June 12, 2025, wallets, those curious vessels of fortune, holding between 1,000 and 10,000 ETH, added a staggering 871,000 ETH in a single day. One can only imagine the excitement in the air, or perhaps the smell of desperation wafting from the coffee-stained desks of traders.
This remarkable accumulation is not just a mere blip; it is the highest daily inflow of whales this year, and the largest since the halcyon days of 2017. For nearly a week, these aquatic giants have been swimming in with over 800,000 ETH daily, amassing a total of over 14.3 million ETH. One might wonder if they are preparing for a grand feast or simply hoarding for a rainy day.
According to the wise sages at Glassnode, these wallets now command a staggering 27% of Ethereum’s supply. It seems that the buying frenzy has put an end to a months-long lull in whale activity. Despite ETH’s price remaining as flat as a pancake, large investors appear to be gearing up for something monumental. Perhaps a new dance move? 💃
Analysts, those ever-optimistic seers, suggest that these whales are positioning themselves ahead of significant events in the Ethereum ecosystem. Could it be the promise of upgrades, the rising adoption of Ethereum for real-world assets, or perhaps the growing interest from institutions? The suspense is palpable!
“This scale of buying hasn’t been seen since 2017,” Glassnode remarked, as if they were recounting a legendary tale of yore. The spike in accumulation mirrors trends seen before earlier bull runs, which is either a sign of impending glory or a prelude to a tragic comedy.
As of now, Ethereum is valiantly holding its ground at around $2,548, having failed to breach the $2,700 mark several times. It seems this zone has become a formidable fortress, resisting all attempts to break through. One can only admire the stubbornness of both the price and the traders.
Meanwhile, Ethereum staking is reaching new heights, with over 35 million ETH now staked, according to the ever-reliable CryptoQuant and Onchain School. Accumulation addresses, those wallets that have never sold, are also at an all-time high, holding 22.8 million ETH. It appears many holders are in it for the long haul, perhaps dreaming of a future where their patience is rewarded.
Additionally, activity on Ethereum’s Layer 2 networks is rising like a soufflé in a hot oven. USDC transfers on Arbitrum and Optimism have surged, while Ethereum Name Service (ENS) whale transactions spiked by a staggering 313.5% in the second week of June. Lending protocols, too, have seen a 203.8% jump in whale activity. It seems the whales are not just swimming; they are dancing! 🐋💃
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2025-06-17 20:05