Ethereum Whales Stack $1.49B, Signaling Institutional Confidence Amidst Retail Selloffs

Ethereum whales have amassed over $1.49 billion in ETH during the recent price decline, indicating strong institutional support despite a notable drop in retail trading activity. As Ethereum’s price has fallen from a high of $4,137 to around $2,651, these significant transactions suggest that institutions are confident in the long-term value of Ethereum even amidst volatility. Reports indicate a surge in whale holdings during this period, with those holding 1K–100K ETH seeing an increase of 3.72% over the past month. This signifies a substantial shift as these wallets now control nearly 27% of total ETH supply.