Ethereum Whales Maintain Accumulation Amid Market Uncertainty

Ethereum's whale activity has been a topic of interest in recent times, and a new report from CryptoQuant reveals that these large holders have been accumulating more ETH than ever before.

According to Santiment's data, wallets holding at least 100,000 ETH collectively controlled 17.41 million ETH, equivalent to 22.03% of Ethereum's circulating supply. This marks the highest concentration recorded in ten weeks and highlights sustained accumulation among the network's most influential participants.

The trend emerged while Ethereum struggled to reclaim major resistance levels, creating a divergence between whale behavior and market performance. Rather than reducing exposure during uncertainty, large holders continued absorbing supply, suggesting growing confidence among deep-pocketed investors.