What Are Ethereum Whales Doing as Price Surges?

Ethereum (ETH) violated the $ 3,400 mark for the first time in more than six months, signaling a solid bullish rally.

Although the milestone has prompted some investors to engage in profits, others aggressively accumulate ETH, reflecting divergent strategies.

Sharplink Gaming and World Liberty Financial Boost Ethereum Holdings

Beincrypto reported yesterday that Ethereum had become the 30th largest world asset, exceeding Johnson & Johnson. In addition, analysts displayed high optimism on its perspectives, and ETH seems to be up to these expectations.

Yesterday, the price of Altcoin increased to more than $ 3,424 before diving slightly. However, in the past 24 hours, the value of ETH appreciated 6.87%. At the time of writing the editorial staff, he negotiated at $ 3,324.

In the middle of this wave, the data on the chain highlighted significant movements by major whales. Sharplink Gaming, who launched his Treasury Ethereum strategy last month, doubled his bet.

According to EMBCN data, the company has become a major accumulator, adding 20,279 ETH, worth around 68.38 million dollars. Sharplink bought this eTH battery via Coinbase Prime and Galaxy Digital.

“In the past 8 days, they have accumulated 111,609 ETH ($ 343.38 million),” said Lookonchain.

This last acquisition brings Total Eth Holdings from Sharplink to 321,000 ETH. The average purchase price is about $ 2,745. In addition, the company is now sitting at an unrealized profit of $ 204 million.

Besides Sharplink, other entities also strengthen their ETH positions. Onchainlens stressed that the Defi project supported by President Donald Trump, World Liberty Financial (WLFI), acquired 3,007.4 ETH worth around $ 10 million. The purchase price per room was $ 3,325.

In addition, Lookonchain noted that a address linked to the capital of Fenbushi withdrew 4,000 ETH from Binance, signaling potential strategic repositioning. Likewise, an unknown whale withdrew 7,980 ETH worth $ 26.86 million in Kraken.

Embercn added that this entity has produced a total of 88,292 ETH, which is equivalent to $ 250 million, from Kraken since last week. Currently, the unrealized profit amounts to $ 49.5 million.

“This address is new and has only interacts with Kraken’s hot wallet. Personally, I think it could be the address of an American company with an ETH reserve plan that has not yet disclosed its address. Of course, there is also a possibility that it is a Kraken analyst for ETH storage, although it is less likely,” said Chain analyst.

Whales benefit from benefits as Ethereum prices increase

Meanwhile, realization and sales activities are also obvious among the other market players. Trend Research, an investment company, discharged 79,470 ETH, valued at $ 250 million at an average price of $ 3,145 in the last two days.

The company had acquired 184,115 ETH, worth $ 390 million, at an average price of $ 2,118 between February 26 and June 20. Their Ethereum holdings are now at 105,664 ETH, worth $ 354 million.

Another whale sold 98,610 ETH, worth $ 278 million, at an average price of $ 2,819 in the last eight days. They still hold 35,022 ETH, worth $ 117.5 million. The holder had previously made more than $ 30 million in Ethereum profits.

Finally, collective slang, a non -profit organization, sold 1,210 ETH for 4.09 million USDC. The Foundation had received 7,000 ETH in operational funding from the Ethereum Foundation.

“Since he started selling ETH for the stablescoins on 7/11, they converted 3,626.6 ETH in 11.2 million USDC, with an average selling price of $ 3,089,” said Embercn.

These purchasing and sale actions reflect the contrasting strategies that investors use during the current gathering. The accumulation of Sharplink positions the company as a key director, while the sale of Trend Research introduces a counterweight to the current trend.