Ethereum Whales Go On Buying Spree Amid Crash To $4,200, Here's How Much They Bought

Santiment's latest report reveals how Ethereum whales and sharks are accumulating significant ETH positions despite recent market volatility and a price crash to $4,200.

Large ETH holders, particularly those with 1,000 to 100,000 ETH, have increased their collective holdings by 14% over five months, demonstrating renewed confidence in Ethereum's long-term potential. While mega whales (10,000+ ETH) paused accumulation after driving August's rally with 2.2 million ETH inflows, smaller whales continue aggressive buying. This shift in accumulation patterns occurs as ETH recovers above $4,380, showing resilience despite broader market concerns and analyst warnings of potential further corrections.

• Whale wallets holding 1,000-100,000 ETH boosted positions by 14% in five months
• Mega whales added 2.2 million ETH in August but have since reduced activity
• Ethereum recovered from $4,200 crash to above $4,380 despite volatility concerns
• Analysts warn of potential 20% altcoin sector decline and continued market turbulence