Altcoins News

Story: Whales Are Back to Buying ETH as Price Consolidates Above $3,700

By Maheen Hernandez

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ETH Accumulation Accelerates in July. Over the past two months, Ethereum has seen a rapid increase in inflows to accumulation…

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Over-the-Counter and Exchange Activity Reveals Real Demand. In the last 24 hours, multiple large-scale ETH transactions have been recorded, both via OTC…

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World Liberty Fi Expands Its Ethereum Position. Among the notable institutional buyers, World Liberty Fi—a multi-chain investment fund backed by…

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Is Ethereum Facing a Short-Term Supply Crunch?. Despite Ethereum’s ample overall supply, the growing number of locked tokens—whether in staking…

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Why Whales Are Back to Buying ETH Now. Several factors are driving this wave of whale interest in Ethereum:

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Conclusion: ETH Gaining Strength as Whales Accumulate. The narrative that whales are back to buying ETH isn’t just speculation—it’s backed by hard data…

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Ethereum has once again captured the attention of large investors as whales are back to buying ETH, signaling renewed confidence in the second-largest cryptocurrency.

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Over the past two months, Ethereum has seen a rapid increase in inflows to accumulation addresses—wallets that receive ETH but show no outgoing activity.

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This trend has turned parabolic in July, with the number of daily active unique addresses surging close to 600,000.

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In the last 24 hours, multiple large-scale ETH transactions have been recorded, both via OTC (over-the-counter) desks and open exchange markets.

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Two newly created whale wallets were identified this past week, collectively amassing over $240 million worth of ETH.

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Interestingly, Galaxy Digital itself has expanded its Ethereum reserves to 71 million ETH, although whales quickly bought up 10 million from this stash.

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Among the notable institutional buyers, World Liberty Fi—a multi-chain investment fund backed by former U.S. President Donald Trump—has also stepped up its Ethereum acquisitions.

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Recently, 1,000 ETH was deposited into Aave V3, highlighting World Liberty Fi's strategy of combining asset accumulation with active DeFi participation.

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Despite Ethereum’s ample overall supply, the growing number of locked tokens—whether in staking contracts, smart contracts, or long-term storage wallets—is reducing the amount…

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