Amid recent price fluctuations, large investors remain active in the Ether market. Data shows that Ether prices are attracting whale and institutional buyer attention.
Large Ether Purchases
Recent data from Arkham Intelligence indicates that a single address acquired $300 million in ETH through OTC trades with Galaxy Digital. This whale now holds 79,461 ETH, valued at approximately $282.5 million.
Impact of Institutional Demand
Institutional interest is also rising. BlackRock's iShares Ethereum Trust ETF has seen $1.7 billion in inflows over ten consecutive trading days. According to Dune Analytics, Ether held in exchange-traded products has surged by over 40% in the past 30 days, reflecting significant investor confidence.
Caution in August
Despite growing institutional confidence, historical trends suggest caution. Ether has traditionally shown weak performance in August for three consecutive years. While it gained 35.6% in August 2021, sharp declines were noted in 2023 and 2024.
Thus, despite external economic factors and historical caution, the recent influx of capital from whales and ETFs may indicate potential changes in the Ether market.
