- Ethereum whale buys $39M amid sell-off.
- ETH purchase totals 17,070 coins.
- Geopolitical tensions influence market dynamics.
An unidentified Ethereum whale purchased 17,070 ETH worth $39 million on June 22, 2025, during a market downturn triggered by geopolitical tensions, according to on-chain data.
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The large-scale accumulation by an Ethereum whale was reported by on-chain tracking platforms, showcasing a strategic purchase during a sharp market sell-off caused by geopolitical unrest. Such movements are typically uncovered by blockchain analysts.
Institutions have shown continued interest in Ethereum, evidenced by cryptocurrency market insights by Glassnode, revealing $45 million in inflows into Ethereum ETFs. Whale activity reflects strategic accumulation, a behavior seen in past market crises.
Purchases drove broader whale accumulation, with Lookonchain’s report highlighting wallets holding 1,000–10,000 ETH adding over 800,000 ETH daily. The largest daily inflow reached over 871,000 ETH, reminiscent of 2017 levels.
Market volatility resulted in a 3.7% ETH price drop, from $2,672.99 to $2,533.89. ETH’s price later stabilized near $2,555, causing ripple effects across correlated Layer 1 assets.
No official statements from Ethereum leaders like Vitalik Buterin have been released. Regulatory bodies have not issued advisories related to the accumulation as of the current date.
Historically, large purchases during downturns anticipate reversals. The lack of formal comments from regulatory and market leaders suggests restrained market optimism. The event may foreshadow institutional inflows or strategic retrieval efforts.
“As of June 22, 2025, there are no direct quotes or statements from key players in the Ethereum ecosystem, including Vitalik Buterin, Arthur Hayes, CZ, Raoul Pal, or other notable industry figures regarding the recent ETH whale accumulation event. However, community sentiment has shifted positively, indicating a perception of confidence among traders due to the accumulation during market volatility.”
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