Ethereum Whales Accumulate 43% of Supply Amid Growing Institutional Interest

Ethereum whales are increasing their holdings at an unprecedented pace, now controlling 43% of the total supply. This marks a significant leap from early 2023, when their share was just 22%.

The surge in accumulation is likely linked to the Ethereum Merge and the lucrative opportunities provided by staking.

Ethereum whales keep accumulating and now hold 43% of the supply.

This is a significant increase from early 2023, when whale holdings were just 22%. The surge in accumulation is likely tied to the Ethereum merge and the opportunities in staking pic.twitter.com/XHsa9oYZOC

— IntoTheBlock (@intotheblock) January 17, 2025

The Ethereum Merge has not only transitioned the network to a proof-of-stake model but has also made staking a highly attractive option for large investors. This shift has driven Ethereum whales to amass more of the asset, strengthening their market influence.

Trump’s World Liberty (@worldlibertyfi), a prominent fund, has been actively moving large amounts of Ethereum. Approximately three hours ago, the fund deposited 1,038 ETH (valued at $3.44 million) to Coinbase. Over the last two days, it transferred a total of 14,611 ETH ($47.34 million) to the exchange at an average price of $3,240. Despite these transactions, the fund still retains 5,111 ETH, worth $17.12 million.

Trump's World Liberty (@worldlibertyfi) deposited another 1,038 $ETH ($3.44M) to #Coinbase ~3 hours ago.

Over the past 2 days, this fund has deposited a total of 14,611 $ETH ($47.34M) to Coinbase, at an average price of $3,240.

Currently, it still holds 5,111 $ETH ($17.12M).… https://t.co/710p7fcIW4 pic.twitter.com/vLJA26xs2z

— Spot On Chain (@spotonchain) January 17, 2025

Ethereum spot ETFs are also seeing substantial interest. On January 16, the total net inflow into Ethereum spot ETFs reached $167 million. BlackRock’s ETF ETHA accounted for the majority, contributing $111 million in a single day. These inflows highlight the increasing institutional appetite for Ethereum as a viable investment.

The growing whale accumulation and consistent institutional demand signal a bullish outlook for Ethereum. With staking rewards and rising adoption fueling interest, Ethereum’s network fundamentals continue to strengthen, positioning it as a key player in the evolving cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: Bastian Riccardi on Unsplash // Image Effects by Colorcinch

The post Ethereum Whales Accumulate 43% of Supply Amid Growing Institutional Interest appeared first on The Merkle News.