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The Coin Rise 2025-06-16 11:19:25

Ethereum Whales Accumulate Billions as Retail Investors Exit Amid Sideways Market

Largest Ethereum holders are quietly building their positions, even as the cryptocurrency remains range-bound and retail traders take profits. According to data analytics firm Santiment, wallets holding between 1,000 and 100,000 ETH—have accumulated 1.49 million ETH worth approximately $3.79 billion in the past 30 days alone. This marks a 3.72% increase in their collective holdings, which now total 41.61 million ETH—nearly 27% of the total circulating supply. “Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit,” Santiment noted in a June 13 post on X. Despite this aggressive accumulation, Ether’s price remains relatively flat, up just 1.8% over the past 14 days and 3.8% over the past month, according to CoinGecko. At the time of writing, ETH trades at $2,575—still 48% below its all-time high. The Ethereum Name Service saw the largest surge in whale transaction activity in early July, jumping 313.5%, followed by Ethereum lending protocols at 203.8%. Ethereum’s layer-2 ecosystem also showed momentum, with USDC transfer activity surging across Base, Arbitrum, and Optimism. ETH Spot ETF Inflow Streak Ends, but Institutional Appetite Remains Strong While whales continue accumulating, institutional interest in ETH appears to have hit a temporary pause. Spot ETH exchange-traded funds (ETFs) in the U.S. ended their longest inflow streak since launch, snapping a 19-day run on Friday with $2.1 million in net outflows , according to Farside data. During the streak, U.S.-based spot Ether ETFs attracted a total of $1.37 billion, primarily flowing into BlackRock’s iShares Ethereum Trust ETF. The brief halt in inflows is not necessarily a bearish signal, analysts say, but rather a cooling-off period after weeks of strong demand. Market participants continue to view ETH as a long-term play, particularly with the network’s growing layer-2 activity and real-world asset tokenization efforts. SharpLink’s Ethereum Bet Shakes Investors In a separate development, SharpLink Gaming—the first publicly traded company to announce an Ethereum treasury strategy—saw its stock tumble 73% in after-hours trading last Thursday. The drop came after the company filed to register a significant volume of shares for potential resale, alarming investors. However, SharpLink Chairman Joseph Lubin, who is also the CEO of Consensys, said the move was misunderstood. The company had previously announced plans to sell up to $1 billion in shares to fund ETH purchases, but the filing led to fears of excessive dilution. The post Ethereum Whales Accumulate Billions as Retail Investors Exit Amid Sideways Market appeared first on TheCoinrise.com .

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