Ethereum Whale Diverse Behavior: Between Accumulation and Selling
In early May 2025, the Ethereum (ETH) market experienced complex fluctuations, influenced by the various actions of whales or large investors with the ability to shake market prices.
ETH Accumulation Activity by Whales
Based on information we quoted from the Beincrypto page, a number of whales showed optimism about the future of Ethereum through large purchases.
One example, a whale poured funds to obtain 3,029.6 ETH, worth around US$5.74 million, despite having to bear a temporary loss of US$142,000 due to the price drop to US$1,842 per ETH.
On May 1, 2025, a number of whale addresses were also recorded as accumulating thousands of ETH in a short time, indicating strong confidence in the long-term prospects of this asset.
ETH Selling Action by Whales
However, not all whales are bullish. Quite large selling pressure was detected from several other whales.
On May 2, 2025, a whale transferred 2,680 ETH to the Kraken platform, estimated to lose around US$255,000.
On the same day, another whale recorded a rapid transfer of 3,000 ETH to Kraken within 10 minutes, indicating an aggressive selling plan.
Interestingly, a whale that acquired 76,000 ETH in the 2015 ICO released 6,000 ETH, likely pocketing a profit of up to US$10.92 million.
Impact on Markets and Investor Perception
The counter-actions of these whales have triggered instability among market participants.
While selling pressure is quite pronounced, indicators such as institutional fund flows and the total value locked (TVL) in the DeFi ecosystem reaching US$52 billion suggest long-term confidence in Ethereum.
However, whales’ short positions and increasing deposits to exchanges add to the risk of volatility in the short term.
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Ethereum Future Predictions and Potential
Amid the selling pressure, a number of positive developments, such as the progress of Ethereum 2.0 and layer-2 solutions, provide hope for future price increases.
Investors are advised to continue monitoring these trends while designing a long-term investment strategy.
Conclusion
The current dynamics of Ethereum whales reflect the uncertain market conditions.
Some whales choose to accumulate ETH as a form of confidence, while others sell, triggering pressure in the market.
Investors need to remain vigilant, follow market developments, and adjust investment strategies according to their respective risk tolerances.
