Joseph Lubin's ConsenSys continues to increase its ETH holdings, causing interest in the cryptocurrency market. Recent data indicates a substantial accumulation of Ethereum over the past few weeks.
ETH Purchase Worth $422 Million
According to Lookonchain on June 24, 2025, ConsenSys or an associated institutional entity bought another 3,704 ETH for $8.91 million via Galaxy Digital. In total, this wallet has acquired 161,112 ETH for almost $422 million in the past three weeks. Some of these funds were transferred to another wallet primarily holding over $187 million in Liquid Staked ETH. However, the link between these wallets and ConsenSys remains unclear.
Whale Accumulations and Market Dynamics
In the last 48 hours, many whales have also engaged in substantial ETH accumulation. For instance, a transfer of 28,000 ETH worth $67 million was made from Binance to an unknown wallet. This indicates a long-term positioning by investors. While the market faces pressure, an increase in interest toward Ethereum assets is noted.
Ethereum Price Predictions
The price of ETH has risen over 7% in the past 24 hours, reaching $2,419. The low and high for this period were $2,191 and $2,446, respectively. Analysis indicates that for a significant upward trend in Ethereum, a break above the $2,500 mark is necessary. Analysts suggest that if a 'golden cross' occurs next month, it could trigger further growth for ETH. Analyst Michael van de Poppe noted that ETH is showing strong performance even amid market turmoil.
The active ETH purchases by ConsenSys and other whales indicate a potential increase in interest in this asset. With ongoing accumulation and a rise in price, the future prospects for Ethereum may remain positive.
