Whales with wallets from 10,000 to 100,000 ETH have started actively buying Ethereum. On-chain data shows that this group has sharply increased its reserves and is already approaching historical highs in total holdings.
The free ether on the market is becoming less. The BeInCrypto editorial team found out why whales rushed to buy Ethereum.
Major players are betting on Ethereum
After a period from 2023 to 2024 when large investors were reducing their positions, the situation has reversed. Now, wallets with balances from 10,000 to 100,000 ETH are actively accumulating coins. The accumulation coincides with price strengthening and stable interest in the spot market. Such dynamics usually indicate long-term confidence among investors in the asset's prospects rather than a desire to quickly speculate on short-term fluctuations. Whales are buying up a significant portion of the supply and enhancing the scarcity of ETH.
First, the political context in the U.S. has intensified. The attention of the Donald Trump administration has gradually shifted towards Ethereum. This change is confirmed not only by words but also by the investment decisions of affiliated structures. Such a signal reduces the sense of uncertainty and increases large investors' trust in ETH.
Secondly, Ethereum has strengthened its position as a platform for future financial infrastructure. U.S. regulators are talking about the transition to market tokenization. In the professional community, there is an increasing opinion that a significant part of such processes will take place precisely on the Ethereum network. The project is chosen due to its mature ecosystem and extensive practical experience.
Thirdly, the Fusaka update has become an important technological step. The network has become faster, more stable, and transaction fees have decreased. It has become easier for programmers and businesses to work with it. Such a foundation is especially important for major players who look ahead and assess the infrastructure, not just the current price.
Against the backdrop of these factors, the market is forming expectations of a new growth cycle. Active purchases by whales enhance the feeling that the interest of institutional investors, political changes, and technological developments could seriously support the value of ETH in the coming years.
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