Ethereum Whales Accumulate $870 Million Amid Market Calm, Signaling Renewed Confidence

Ethereum (ETH) is witnessing a strong resurgence of investor confidence as whales and sharks—wallets holding between 100 and 10,000 ETH—have collectively added over 218,000 ETH, worth more than $870 million, to their portfolios. The large-scale accumulation comes as Ethereum trades just below the $4,000 mark, signaling growing optimism despite recent market turbulence.

Blockchain analytics data shows that these deep-pocketed investors had previously offloaded around 1.36 million ETH between October 5 and 16, a period marked by sharp market volatility. The downturn followed President Donald Trump’s announcement of a 100% tariff on Chinese imports, a move that sent shockwaves across global risk markets and triggered a massive $20 billion liquidation in leveraged crypto positions.

The recent buying spree by Ethereum whales indicates a renewed sense of confidence in the asset’s long-term potential. Their current purchases have reclaimed nearly one-sixth of what they sold earlier this month, reflecting a strategic shift from short-term speculation to long-term accumulation. As a result, ETH’s price has shown resilience, gaining around 2% and peaking near $4,100 before stabilizing around $3,912 at press time.

Market analysts interpret this stability as a sign that major holders are positioning themselves ahead of Ethereum’s next growth phase. Optimism is also evident on prediction platforms like Polymarket, where traders are betting on ETH surpassing $5,000—and potentially reaching $10,000—by year-end. Many attribute this bullish outlook to Ethereum’s expanding influence in stablecoin issuance, real-world asset tokenization, and institutional financial systems.

If these trends continue, the latest whale accumulation could represent more than just a price recovery—it may signal the foundation of Ethereum’s next major rally in 2025 and beyond.