ETH Whales and Sharks Accumulate 1.49M ETH in 30 Days as Retail Pulls Back

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By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf

Jun 14, 2025, 7:15 p.m.

ETH traded between $2,499 and $2,580, closing near $2,519 after bouncing from lows
  • Ether is trading at $2,508 after bouncing from a low of $2,454, holding key support near $2,500, according to CoinDesk Research’s technical analysis model.
  • Whale and shark wallets holding 1,000–100,000 ETH added a net 1.49 million coins in 30 days, now controlling 26.98% of the total supply, per Santiment.
  • A 19-day inflow streak for spot ETH ETFs ended Friday with $2.1 million in outflows, according to Farside Investors.

Ether (ETH)

ETH$2,501.26

traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics.

According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply.

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Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether’s key stakeholders, even as retail sentiment appears to be wavering following recent price declines.

At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors, is the first sign of slowing institutional demand via these ETFs since late May.

Still, ether’s broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves.

Technical Analysis Highlights

  • Ether traded between $2,499.39 and $2,580.53 over the past 24 hours.
  • Price peaked near $2,580 in the early hours before entering a steady decline.
  • The token briefly dipped below $2,500 before bouncing to close near $2,518.76.
  • Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound.
  • Support appears to be forming around $2,500, a key psychological and technical level.
  • Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.

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CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

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