Something big is brewing on the Ethereum front. On June 12, 2025, wallets holding between 1,000 and 10,000 ETH went on a buying spree — scooping up a jaw-dropping 871,000 ETH in a single day. That’s the biggest whale inflow since 2017, and it’s not a one-time event.
For the past week, these heavy hitters have been adding 800K+ ETH daily, pushing their collective bag to over 14.3 million ETH — now accounting for 27% of all ETH in circulation, according to Glassnode.
What’s wild is this is happening while Ethereum chills around $2,548, stuck under the $2,700 resistance zone. The charts are meh, the RSI’s at 54, and both bulls and bears are hesitating. But whales? They’re stacking. Hard.
Analysts say this might be whales gearing up for:
- Big ETH upgrades
- Ethereum’s growing role in real-world asset tokenization
- And more institutions sliding into crypto
Also — Ethereum staking is booming. Over 35 million ETH is staked, and “accumulation addresses” (wallets that never sell) are now holding 22.8M ETH. Translation: long-term conviction is very real.
Meanwhile, Ethereum’s Layer 2s are buzzing too:
- USDC transfers on Arbitrum & Optimism? Skyrocketing.
- ENS whale activity? Up 313.5%.
- Lending protocol whales? +203.8%.
TL;DR: Whales are making moves. Price isn’t pumping yet, but behavior like this tends to front-run bull runs. Eyes on ETH.
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