Even with the prevailing negative sentiment in the crypto market, some large-scale investors, commonly referred to as crypto whales, are showing increased interest in Ethereum (ETH).
Blockchain tracking data from Lookonchain indicates that these major players are actively buying ETH despite the market downturn.
Recently, Lookonchain shared insights on social media highlighting significant transactions involving Ethereum. One notable purchase occurred on April 4, 2025, when a whale acquired 4,100 ETH for approximately $7.32 million.
This came shortly after the same investor had previously bought 3,195 ETH for around $5.97 million. It seems the strategy here is to gradually increase holdings by averaging the purchase price. In fact, since March 26, 2025, this whale has accumulated a total of 33,441 ETH, spending roughly $65.5 million at an average price of $1,959.
Another prominent whale made headlines by creating a fresh wallet and acquiring 11,463 ETH for $20.78 million, with an average price of $1,813, all within just six hours. This move signals a deliberate effort to take advantage of the current lower prices, suggesting confidence in the long-term potential of Ethereum.
The surge in whale activity prompts speculation about whether this might be an opportune moment for other investors to consider buying ETH. The substantial acquisitions by these crypto giants hint at potential optimism, even as the market remains cautious.
As of now, Ethereum is trading around $1,790, reflecting a slight increase of over 0.90% within the last 24 hours. However, trading volume has decreased by 30% compared to the previous day, suggesting reduced market engagement despite the price uptick.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-whales-make-bold-moves-massive-accumulations-signal-confidence/