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When a whale sees gold where others only see darkness, it often means a cycle is about to turn. At a price hovering around $2,400, Ethereum seems to be on sale. This is at least what seasoned investors, those “smart money” who take advantage of dips as a springboard, are concluding. Even Eric Trump, not well known for his crypto enthusiasm, mentioned it in his own way. So, unsurprisingly, the numbers are surging: record accumulation, increasing addresses, massive inflows… The calm in prices may only be the tip of the iceberg.
In Brief
- Ethereum hits a record accumulation with 22 million ETH stored in inactive wallets.
- Whales represent 27% of the total supply, strengthening their influence on the crypto market.
- The price remains stable around $2,400 despite massive inflows into institutional wallets.
- Web3 startups respond to whale signals, adjusting their payment tools and strategies.
Ethereum: When Giants Rise Before the Storm
Since early June 2025, whale crypto wallets have been filling up. Over 22 million ETH are now stored in accumulation addresses. The signs don’t deceive: Galaxy Digital, for example, put $73 million on the table. And this is no gamble. These giants control 27% of Ethereum’s total supply.
Meanwhile, the average person remains hesitant. The “emotional money”, as Lorniko calls them on X, flee or wait, numbed by volatility. Yet, the price holds: +11.5% in one week. And some technical indicators suggest a reversal. The breaking of resistance levels notably allowed a 9% surge in 24 hours last Saturday.
Joseph Lubin, founder of Consensys, sees a promising dynamic: “An incredible accumulation“. He is not alone in thinking that these discreet moves precede a new surge. Previous cycles have proven it: 2017, 2021, each time, whales positioned themselves before the takeoff.
A Crypto Summer That Smells Like Gunpowder… and Billions
Rare are the summers when there is so much talk about curves and contractions. Not weather ones, but crypto price ones. For Ethereum, the fundamentals are clear: smart contract activity is exploding, network fees have jumped 130%. The cause? Increasing institutional demand in DeFi. This technical buzz suggests positive tension on the asset.
Smart money (the whales) is accumulating Ethereum like never before.
Lorniko
This sentence sums up the atmosphere. The summer promises to be hot in the markets, especially if the Ethereum price surpasses $3,000 again. The general feeling: if the train leaves, latecomers will miss the rush.
Some see this as a repetition of 2020. Merlijn the Trader even talks about an imminent supply shock. Less ETH on exchanges, longer accumulation: the formula which historically precedes surges.
In response, the more cautious adopt a wait-and-see stance. But as Lorniko reminds us:
The altcoin season will come. We never know when. But when it officially arrives, it’s already too late to become a millionaire with just a few thousand dollars.
Web3 Startups: Dancing with Whales Without Getting Swallowed
If whales set the pace, Web3 startups must adjust their tempo. The centralization of reserves in a few pockets changes the rules of the game. They must pivot quickly, integrate hybrid systems to manage crypto and fiat, anticipate regulatory turbulence zones.
Initiatives like Stripe are no longer enough. Web3 players must align with capital flows, and weak signals become vital. In other words, preparation to navigate a rapidly evolving landscape is essential.
Some data that change the game:
- 22 million ETH in inactive wallets;
- 27% of the total supply held by whales;
- $73 million invested by Galaxy Digital;
- $16.83 billion volume traded in 24h (source: CoinMarketCap);
- Decline in supply on exchanges: indicator of a tight market.
Crypto startups must therefore become interpreters of whale language. The slightest movement can redefine liquidity, interest, risks… and opportunities.
One of the last shocks capable of propelling Ethereum might well be political. The recent announcement by Donald Trump of a ceasefire between Iran and Israel has already triggered a surge in Bitcoin, Ether, and XRP prices. An unexpected peace could thus serve as a springboard for a wider crypto revival, with Ethereum at the helm.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
