Ether “mega whales” continued accumulating the cryptocurrency despite a weekend price dip, which has since begun recovering. Blockchain analytics firm Arkham Intelligence reported on Sunday that one whale address purchased $300 million worth of Ether (ETH) through over-the-counter (OTC) trading at Galaxy Digital. This address currently holds 79,461 ETH, valued at approximately $282.5 million. BlackRock has also been significantly increasing its ETH holdings. The firm’s iShares Ethereum Trust ETF has seen $1.7 billion in inflows over the past 10 consecutive trading days. Onchain data from Dune Analytics shows that Ether holdings in exchange-traded funds (ETFs) surged by more than 40% in the last 30 days.

ETH Mega Whales Loading Up

The number of Ether “mega whale” addresses—defined as those holding more than 10,000 ETH—has risen sharply over the past month. Glassnode data indicates that over 200 such addresses have been added since early July. These mega whale addresses include those held by exchanges, large custodians, and ETFs, all aggressively accumulating ETH.

ETH Price Recovery

Ether prices dipped below $3,400 over the weekend but showed signs of recovery on Monday, reclaiming the $3,560 level.

“While the labor market’s cooling trend initially spooked investors, the heightened likelihood of monetary easing could soon reverse the sell-off, offering crypto a bullish tailwind as liquidity expectations shift,” said Monika Mlodzianowska, Director of Strategic Partnerships at CoinW exchange.

Ether’s August Performance Outlook

Historically, August has been a bearish month for Ether, similar to Bitcoin, which has been down in eight of the past 12 Augusts. Ether experienced double-digit losses in August 2023 and 2024 but surged 35.6% in August 2021 during a bull market. Over the weekend, Eric Trump, son of former US President Donald Trump, encouraged his followers on X to buy the ETH dip. Meanwhile, CNBC recently dubbed Ethereum as “Wall Street’s invisible backbone,” highlighting its critical role in the financial ecosystem.

Frequently Asked Questions (FAQ)

Q: What are "mega whales" in the context of cryptocurrency? A: In cryptocurrency, "mega whales" typically refer to individuals or entities holding a very large amount of a particular cryptocurrency, often defined by a specific threshold (in this article, over 10,000 ETH). They can significantly influence market prices due to their holdings. Q: What is over-the-counter (OTC) trading in cryptocurrency? A: OTC trading involves the direct buying and selling of cryptocurrencies between two parties, often in large quantities, without going through a public exchange. This is common for large transactions to minimize market impact. Q: How are Ether ETFs performing recently? A: The article states that BlackRock's iShares Ethereum Trust ETF has seen substantial inflows, with over $1.7 billion in inflows over 10 consecutive trading days. Ether holdings in ETFs have surged by more than 40% in the last 30 days. Q: What is the historical trend for Ether's performance in August? A: Historically, August has been a bearish month for Ether, similar to Bitcoin, with double-digit losses experienced in August of recent years. However, there have been exceptions, such as a significant surge in August 2021. ##Crypto Market AI's Take The continued accumulation of Ether by "mega whales" and significant inflows into Ether ETFs highlight growing institutional confidence in Ethereum's potential. This trend suggests that large market participants are positioning themselves for potential upside, possibly anticipating positive macroeconomic shifts that could favor digital assets. For investors looking to navigate such market dynamics, understanding the impact of whale activity and institutional adoption is crucial. Our AI-powered tools and market analysis can provide deeper insights into these trends, helping you make informed trading decisions. ##More to Read:

Source attribution: Originally published at Cointelegraph on Mon, 04 Aug 2025.

Ether ‘mega whales’ continue buying through weekend dip

ETH Mega Whales Loading Up

ETH Price Recovery

Ether’s August Performance Outlook

Frequently Asked Questions (FAQ)