A newly active crypto whale has sparked market chatter after acquiring more than $1.3 billion in Ethereum within just over a week, eclipsing record inflows into US spot ETH ETFs.
Blockchain tracking from Lookonchain shows the entity accumulated 312,052 ETH across ten fresh wallets over the past eight days — roughly $300 million more than the $1 billion single-day record set by ETFs earlier this week.
The surge in demand comes with Ethereum trading near $4,460, still around 12% below its all-time high of $4,890.
Analysts suggest the buying pressure could help narrow that gap.
Javier Rodriguez-Alarcón, CIO at XBTO, said the rally is consistent with Ethereum’s historical price patterns but could stall without fresh catalysts, especially if inflation readings surprise to the upside.
He noted that Ether’s current Z-score of –0.06 indicates the move remains within normal volatility ranges.
Meanwhile, some short-term holders have begun locking in profits, signaling caution despite sustained corporate treasury interest in ETH.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/1-3-billion-whale-move-puts-ethereum-rally-in-focus/