In June 2025, a significant Ethereum (ETH) whale purchased 17,070 ETH, worth about $39 million, during a sharp market sell-off caused by geopolitical tensions, specifically US airstrikes. Ethereum’s price had dropped by approximately 12.8%, dipping to around $2,533.89 before stabilizing near $2,555. On-chain data from platforms like Glassnode and Lookonchain revealed robust whale accumulation activities, with wallets holding between 1,000 and 10,000 ETH adding over 800,000 ETH daily for nearly a week. Institutional interest was also notable, with $45 million flowing into Ethereum ETFs around June 17, 2025.
This wipeout and subsequent whale buying echo patterns previously seen since 2017, where large holders absorb panic-driven supply in market downturns. The event highlights increasing institutional inflows, declining exchange reserves, and a coordinated accumulation strategy among large investors. Market observers view these whale activities as potential indicators of upcoming price stabilization or rallies. Despite the large purchase, no direct statements or comments have been released by Ethereum’s prominent figures or regulatory bodies about the event. The market currently reflects restrained optimism, but positive community sentiment suggests confidence among traders regarding the accumulation amid volatility.