Ethereum whales are accumulating ETH again after recent profit-taking, signaling renewed confidence. On-chain data from Santiment shows addresses holding 100 to 10,000 ETH buying back about one-sixth of the 1.36 million ETH sold earlier this month. This modest rebound coincides with Ether’s slight price recovery above $3,900.
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Ethereum whales reloaded positions with significant ETH purchases from exchanges like Binance and OKX on October 23.
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Stablecoin transfer volume on Ethereum surged 400% in the past 30 days, reaching $581 billion across 12.5 million transactions.
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ETH spot ETFs faced $93.6 million in net outflows on October 24, marking the third consecutive day of redemptions, per ETF data.
Ethereum whales accumulation signals bullish shift as ETH tests $3,930 amid market recovery. Discover key on-chain trends, whale moves, and ETF flows driving crypto’s #2 asset. Stay informed on Ethereum’s next moves—read now for expert insights.
What Is Driving Ethereum Whales Accumulation in Late October 2025?
Ethereum whales accumulation refers to large holders, or “whales,” increasing their ETH positions after a period of selling. According to Santiment’s on-chain data, addresses with 100 to 10,000 ETH have started buying back nearly one-sixth of the 1.36 million ETH they offloaded between October 5 and 16. This shift comes as Ether prices stabilized above $3,900 following a marginal weekly gain, reflecting improved investor sentiment in the broader crypto market.
How Have Specific Whale Wallets Contributed to This Trend?
Blockchain analytics highlight notable activity from individual whale wallets. For instance, the wallet labeled “0x395” withdrew 12,000 ETH, valued at approximately $46.3 million, from Binance on October 23 at an average price of $3,854 per ETH. This wallet now holds 67,981 ETH, worth about $264 million. Historical patterns show this entity previously accumulated ETH at an average of $3,027 from June to mid-August before selling at $4,218 between mid-September and early October.
Similarly, another wallet, “0x86E,” acquired 8,491 ETH, roughly $32.5 million, from OKX on the same day. These transactions underscore a coordinated effort among high-net-worth investors to rebuild positions. On-chain sleuths also observed the Radiant Capital exploiter converting 9.7 million DAI into 2,550 WETH at an average of $3,803 per token, with funds routed through privacy protocols like Tornado Cash, indicating complex network dynamics beyond pure accumulation.
Frequently Asked Questions
What Does Ethereum Whales Accumulation Mean for ETH Price?
Ethereum whales accumulation often precedes price stabilization or uptrends, as seen in historical cycles. Santiment data indicates this recent buying has absorbed about 226,000 ETH of the sold volume, potentially supporting ETH above $3,700. However, broader market factors like ETF flows could influence short-term volatility, with ETH up 18% year-to-date despite a 11% dip over the past 60 days.
Why Are Stablecoin Volumes Surging on Ethereum?
Stablecoin transfer volume on Ethereum has jumped 400% in the last 30 days to $581 billion, involving over 12.5 million transactions, according to Token Terminal. This growth highlights Ethereum’s role as a leading settlement layer for digital dollars, bolstering network utility even as ETH prices fluctuate. The total stablecoin market cap on Ethereum now exceeds $163 billion, reinforcing its dominance in DeFi and payments.
Key Takeaways
- Whale Confidence Returns: Large ETH holders are accumulating after selling 1.36 million tokens earlier in October, with buys from major exchanges signaling bullish intent.
- Network Activity Booms: Ethereum’s stablecoin volumes hit record highs, underscoring its infrastructure strength amid mixed ETF performance.
- Monitor ETF Trends: ETH funds saw continued outflows, contrasting Bitcoin’s inflows—investors should track these for sentiment shifts.
Conclusion
The resurgence in Ethereum whales accumulation marks a pivotal moment for the network’s second-largest cryptocurrency, blending on-chain buys with robust stablecoin activity. As ETH hovers near $3,930 with $29 billion in daily volume, these trends point to sustained relevance in digital assets. Ethereum spot ETFs face headwinds with recent outflows, yet the platform’s foundational role in crypto remains unshaken. Forward-thinking investors may watch for further whale moves to gauge Ethereum’s trajectory in the coming weeks.
Ethereum’s market dynamics reveal a resilient ecosystem despite short-term pressures. Whales reloading positions after profit-taking suggest underlying strength, particularly as the global crypto market cap edges toward $3.76 trillion. Bitcoin’s stability above $111,000 provides a supportive backdrop, with BTC ETFs attracting inflows that highlight divergent investor preferences.
Santiment’s analysis emphasizes the significance of these mid-sized whale cohorts, whose actions often influence liquidity. The group’s partial rebound in holdings could stabilize supply, especially with ETH’s year-to-date gains of 18%. Meanwhile, the 11% price dip over 60 days tests key supports around $3,738, but current levels at $3,930 indicate potential consolidation.
Beyond whales, Ethereum’s stablecoin surge demonstrates real-world adoption. Token Terminal reports this 400% volume increase as a testament to the chain’s efficiency in handling high-throughput settlements. With $163 billion in stablecoin capitalization, Ethereum continues to lead in tokenized finance, outpacing competitors in transaction scale.
ETF flows paint a contrasting picture. On October 24, ETH products recorded $93.6 million in net outflows, extending a three-day streak. In comparison, Bitcoin ETFs netted $90.6 million that day, driven by institutional demand. BlackRock’s iShares Bitcoin Trust alone saw $107.8 million in inflows on October 23, offset partially by outflows from Grayscale’s GBTC at $60.5 million. These patterns reflect Bitcoin’s current safe-haven appeal, even as Ethereum’s fundamentals strengthen.
Whale-specific anecdotes add granularity. The “0x395” wallet’s history of strategic buying and selling illustrates sophisticated market timing. Accumulating at lower averages and distributing into rallies is a common tactic among large players. The “0x86E” purchase similarly aligns with this opportunistic approach, potentially positioning holders for upside if ETH breaks $4,000.
Other network events, like the tracked swap by the Radiant Capital exploiter, highlight ongoing risks. Converting DAI to WETH via privacy tools raises concerns about illicit flows, though it does not directly impact legitimate accumulation. Regulators and analysts continue monitoring such activities to ensure market integrity.
Ethereum’s trading metrics remain robust, with 24-hour volume at $29 billion supporting liquidity. As the asset eyes a breakthrough above $4,000, the combination of whale buying and stablecoin momentum could catalyze renewed interest. Investors should consider these indicators alongside macroeconomic factors for a balanced view.
In summary, Ethereum whales accumulation amid ETF contrasts and network growth fosters optimism. This evolving landscape invites closer examination of on-chain signals for informed decision-making in the volatile crypto space.
🐳🦈 Ethereum whales and sharks holding between 100 to 10,000 $ETH are finally showing some signs of confidence. After -1.36M was dumped by this group between October 5th and 16th, they have added back close to 1/6th of it since. Positive sign for crypto’s #2 market cap. pic.twitter.com/tg1BWu60Lq
— Santiment (@santimentfeed) October 24, 2025
