{"id":25794,"date":"2025-08-04T11:47:28","date_gmt":"2025-08-04T08:47:28","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-whales-expand-holdings-over-the-weekend\/"},"modified":"2025-08-04T11:47:28","modified_gmt":"2025-08-04T08:47:28","slug":"ethereum-whales-expand-holdings-over-the-weekend","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-whales-expand-holdings-over-the-weekend\/","title":{"rendered":"Ethereum Whales Expand Holdings Over the Weekend"},"content":{"rendered":"<p>Large holders are actively purchasing the second-largest cryptocurrency by market capitalization, despite a short-term price drop below $3400 over the weekend, according to on-chain analysts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Somebody is buying a TON of ETH.<\/p>\n<p>In the past 3 days, this address has accumulated $300M of ETH from Galaxy Digital OTC.<\/p>\n<p>It\u2019s currently worth $274M, with this address down $26M or 8.7% so far.<\/p>\n<p>Address: 0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3 <a href=\"https:\/\/t.co\/pB9Foxm1wx\">pic.twitter.com\/pB9Foxm1wx<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1951881760977080695?ref_src=twsrc%5Etfw\">August 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Someone is massively buying ETH,&#8221; noted Arkham Intelligence specialists on August 3.<\/p>\n<\/blockquote>\n<p>According to their data, an anonymous whale acquired 79,461 ETH (~$281 million at the current rate) over three days through over-the-counter (OTC) deals at Galaxy Digital.<\/p>\n<p>Meanwhile, the number of &#8220;mega-whale&#8221; addresses (holding >10,000 ETH) has increased by more than 200 since the beginning of July, according to Glassnode. This category includes exchanges, large custodians, and ETFs.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXfYQylhTeWzdDCK2skxGeZwPOD5yZyfz6wV1vTcqv0BIinf5KB0y5rdNSFqavFGKhQZv2aLXDavZlyv_wQ2s4ynj5XJY8l1QTu9cva3r8wtlgteUBe3LIClE3AkcpCByQKVFkwYTw.webp\" alt=\"Ethereum Whales Expand Holdings Over the Weekend\" class=\"wp-image-263205\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/studio.glassnode.com\/charts\/eth-address-count-megawhale?a=ETH&#038;s=1735664400&#038;u=1754285122&#038;zoom=ytd\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>In the past 10 days, BlackRock&#8217;s iShares Ethereum Trust ETF (ETHA) has attracted $1.7 billion. As shown by the Dune Analytics dashboard, the volume of ether held in exchange-traded funds has surged by 40% over the past month.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXc9Gj-puAB5g2oCF-KQYuOS9pJHYGOxlubI8EUIj2S1ddUhTXQjPxTcdiN47lZrsAQbqUdl88KR7jnsXgX2n_QvDeMm8FIRm4VN1VESk9TX5hP1M4nXuK73ZQZD9SApdFB4S76R.webp\" alt=\"Ethereum Whales Expand Holdings Over the Weekend\" class=\"wp-image-263202\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/dune.com\/hildobby\/eth-etfs\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Ethereum&#8217;s Recovery and August Prospects<\/h2>\n<p>On August 2, the price of ETH fell below $3400. According to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/%D1%8D%D1%84%D0%B8%D1%80%D0%B8%D1%83%D0%BC\">CoinGecko<\/a>, the rate has since recovered by 2.8%, reaching $3561 at the time of writing.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXfYL3atwICxZysPdLlE7XffQPdX64j9UKzzZYBkE4Qk_V946WzYCbB3CTR71Cwz_AVo1e5hCFiNkyi1eaJ0MS6-fBCrSC4zGfjXoI5y3WSwV5wdjPglCBREB7Yd4qXgojaFyTMxlQ.webp\" alt=\"Ethereum Whales Expand Holdings Over the Weekend\" class=\"wp-image-263203\"\/><figcaption class=\"wp-element-caption\">Hourly ETH\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>August is historically a challenging month for both Ethereum and Bitcoin. According to Coinglass, in 2023 and 2024, the two largest cryptocurrencies by market capitalization faced double-digit losses.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXd9cE16iNaqqKcYa36DZvANx_Jt6tMGuuPiwl56vJ46z-8aqojTrpoEICwjY4Wjo7VQpeo-LHZ8uZJb6R_v8gTAtmJauplhl4Nk7LjzGcq4vp2OAiwBFVoHG1FxE63ZVrD09QqIiQ.webp\" alt=\"Ethereum Whales Expand Holdings Over the Weekend\" class=\"wp-image-263204\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/today\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>However, during the bull market of 2021, the price of ETH increased by 35.6% in the last month of summer.<\/p>\n<p>Amid the correction of Ethereum and Bitcoin, Eric Trump, the son of the U.S. President, urged followers to buy cryptocurrencies during the dip.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Let me say it again: <\/p>\n<p>\u20bfuy the dips!!! <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/t.co\/VSOvTgnlOT\">https:\/\/t.co\/VSOvTgnlOT<\/a><\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1951573731664367766?ref_src=twsrc%5Etfw\">August 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, a technical analyst known as Edward <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-predicts-ethereum-surge-to-16000\">predicted<\/a> Ethereum&#8217;s rise to $16,000 within the current market cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Large holders are actively purchasing the second-largest cryptocurrency by market capitalization, despite a short-term price drop below $3400 over the weekend, according to on-chain analysts. Somebody is buying a TON of ETH. In the past 3 days, this address has accumulated $300M of ETH from Galaxy Digital OTC. It\u2019s currently worth $274M, with this address [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,46],"class_list":["post-25794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25794"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25793"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}