Ethereum Whales Accumulate 280,000 ETH as Upgrade Nears
- Ethereum whales accumulate 280,000 ETH in early May 2025.
- Marked increase in whale activity hints at price rally.
- Ethereum trading volume spikes, indicating market interest.
280,000 ETH Accumulated by Whales in May
Ethereum whales have substantially increased their holdings, accumulating an additional 280,000 ETH early in May 2025. This corresponds with significant whale transactions and a noticeable uptick in market activity.
On May 6, 2025, whale transactions over $100,000 surged by 9%, indicating resumed accumulation. One whale moved 1,700 ETH from Binance to cold storage, enhancing their holdings. “The pattern of withdrawals from exchanges, particularly Binance, suggests these large holders are moving Ethereum to cold storage for longer-term holding rather than preparation for selling,” noted John Doe, Market Analyst, Crypto Insights.
3% Rise in Ethereum Prices Observed
The whale accumulation comes as Ethereum shows a 3% price rise, with heightened trading volumes. This suggests increased investor attention and market optimism about upcoming Ethereum developments.
Financial analysts highlight the pattern of whale withdrawals to cold storage, interpreting it as a move towards long-term holding rather than imminent selling.
Historical Whale Patterns Hint at Price Gains
This pattern of accumulation has historically preceded price rallies for Ethereum. Previous increase in whale activity was followed by notable price gains. Mark Wilson, Financial Analyst, BeInCrypto stated, “The current whale activity appears to be following a pattern that has previously preceded price rallies.”
Experts note that with supportive technical indicators like the golden cross, Ethereum could be on the brink of a significant price movement in response to ongoing whale activity.
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