• On June 12, Ethereum whales amassed 871,000 ETH, which is a good indication of confidence.

• The top wallets holding ETH reached the peak level of 14.3M.

• The price of ETH falls, but the number of whale purchases and trades continues to be high.

Ethereum whales are making bold moves. In just one day (June 12), these whales added over 871,000 ETH to their wallets. This was the largest single-day net inflow of Ethereum so far in 2025. The data comes from on-chain analytics firm Glassnode and reflects a sudden and sharp buying trend among large holders.

These whales are wallets holding between 1,000 and 10,000 ETH. Over the past week, their daily net accumulation has stayed above 800,000 ETH. This constant buying spree has now pushed their total holdings to more than 14.3 million ETH. That figure is the highest seen in this wallet group’s history.

The last time Ethereum saw this kind of aggressive buying was in 2017. That was a major bull market year for crypto, with many coins reaching all-time highs. Now, this new surge is drawing attention because it comes despite price volatility and broader market uncertainty.

Source: X (@glassnode)

The accompanying chart shows three key things. First, the black line tracks Ethereum’s price in USD. Second, the orange line demonstrates the number of ETH in possession of such large wallets. Third, the purple bars show the net position change on a daily basis of the whale addresses.

The notable thing is that the orange line peaked in the middle of June. This matches the recent whale buying activity. Meanwhile, the purple bars become sharply positive, confirming the increase in net ETH inflow. All this happens while the price has been hovering just below $4,000.

Even though ETH is not at its peak price, whales seem confident. They are making aggressive purchases, and this is being considered as a bullish indication. It is the kind of purchase that hints at solid confidence in the future of Ethereum. Such kind of actions may also affect the market.

As large holders reduce circulating supply by moving ETH into long-term wallets, it can tighten availability. That puts upward pressure on price, especially if demand increases at the same time.

The value of ETH has dropped to $2,519.35, marking a 5.04% decline over the past day, according to current CoinMarketCap data. This decline also trickled down to its market capitalization, going down to $304 billion. However, its 24-hour volume has reached $29.67 billion, an increase of 36.45%. This trading volume indicates more activity of traders, which supports the data from Glassnode.

Source: CoinMarketCap

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