Large Ethereum investors (whales) have amassed a substantial amount of the cryptocurrency, nearly 280,000 ETH, during May 2025. This accumulation coincides with increased market activity and whale transactions. Analysts suggest these large holders are strategically transferring Ethereum to cold storage for long-term holdings, rather than immediate selling. The rise in trading volume reflects heightened investor interest and a positive outlook on upcoming Ethereum developments. Market experts point out that this pattern of whale activity has historically preceded price rallies. With supportive technical indicators like the golden cross, investors anticipate significant price movement triggered by ongoing whale activity.