{"id":61917,"date":"2025-04-25T07:30:55","date_gmt":"2025-04-25T07:30:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61917"},"modified":"2025-04-25T07:30:55","modified_gmt":"2025-04-25T07:30:55","slug":"ethereum-whales-just-accumulated-640k-eth-is-a-bigger-rally-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61917","title":{"rendered":"Ethereum Whales Just Accumulated 640K ETH, Is a Bigger Rally Coming?"},"content":{"rendered":"

Ethereum\u2019s price has recently mirrored broader trends in the cryptocurrency market, rising to above $1,800<\/a> before retracing as part of a wider market correction.<\/p>\n

At the time of writing, ETH is trading at $1,754, showing a 3.3% decrease in the past 24 hours, while the total crypto market cap slipped by 3.6% during the same period.<\/p>\n

Although short-term price movements reflect shifting momentum, on-chain metrics signal deeper changes that may have broader implications for Ethereum\u2019s network health<\/a> and investor sentiment.<\/p>\n

Ethereum Long-Term Holders Accumulate as Inflows Hit Multi-Year Highs<\/h2>\n

Recent data from CryptoQuant reveals that long-term Ethereum holders are increasing their activity<\/a>. These wallets, known for never selling their ETH, have seen one of their highest inflows in recent years.<\/p>\n

This coincides with rising network activity, including a notable uptick in active addresses and transactional volume. Together, these developments suggest that behind the surface-level volatility, there may be a quiet phase of accumulation and user engagement building within the Ethereum ecosystem.<\/p>\n

CryptoQuant contributor OnChainSchool reports<\/a> a significant development among Ethereum\u2019s long-term holding addresses. In the last 48 hours, over 640,000 ETH flowed into wallets that have maintained a strict accumulation pattern without any recorded selling behavior.<\/p>\n

This marks the largest inflow to such wallets since 2018, suggesting that entities with a long-term outlook are increasing their exposure during the current price range.<\/p>\n

The behavior of these accumulation-only wallets is often viewed as a proxy for investor conviction, particularly among participants who are not influenced by short-term volatility<\/a>.<\/p>\n

According to OnChainSchool, this activity during a period of price drawdown may reflect strategic positioning ahead of potential future developments.<\/p>\n

It\u2019s also notable that these inflows come at a time when Ethereum fundamentals such as its transition to proof-of-stake, L2 adoption, and evolving staking mechanisms continue to advance. If sustained, this trend could help establish a support zone around current price levels.<\/p>\n

Network Activity Rises as Active Addresses See Double-Digit Growth<\/h2>\n

Complementing the rise in long-term holder activity is a surge in Ethereum network usage. Another CryptoQuant analyst, Carmelo Alem\u00e1n, highlights<\/a> that the number of active Ethereum addresses grew by nearly 10% between April 20 and April 22, jumping from around 306,000 to over 336,000.<\/p>\n

This metric counts unique wallet addresses that were involved in transactions as either senders or receivers over a given period. While active addresses alone do not capture the full picture, Alem\u00e1n notes that the metric should be viewed alongside others such as exchange volume<\/a>, gas fees, transaction count, and Layer 2 activity.<\/p>\n

The rise in address activity, especially when paired with a simultaneous price increase, is often taken as a sign of broader user engagement and growing application-layer demand.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum\u2019s price has recently mirrored broader trends in the cryptocurrency market, rising to above $1,800 before retracing as part of a wider market correction. At the time of writing, ETH is trading at $1,754, showing a 3.3% decrease in the past 24 hours, while the total crypto market cap slipped by 3.6% during the same […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61917","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61917"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61917"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61917\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}