Whale Buys $39M in Ethereum, Boosting Holdings to Over $300 Million

A crypto whale buys 17,070 ETH worth $39M, signaling bullish confidence. Total holdings rise to $303M, sparking speculation in Ethereum..

Written by: Arslan Butt • Sunday, June 22, 2025 • 2 min read

• Last updated: Sunday, June 22, 2025

Whale Buys $39M in Ethereum, Boosting Holdings to Over $300 Million

Quick overview

A whale purchased 17,070 Ethereum (ETH) worth $39 million during a market decline, increasing their total holdings to 132,536 ETH valued at $303 million.
This transaction indicates optimism among large investors despite market volatility and may signal a potential bullish trend.
Analysts link this accumulation to macroeconomic factors, particularly U.S. Consumer Price Index data, which often influences crypto market fluctuations.
Ethereum's unique position in DeFi and NFTs, along with upcoming network upgrades, makes it an attractive investment for both institutional and retail investors.

A whale has bought 17,070 Ethereum (ETH) worth $39 million during a time of market decline. This brings their total ETH holdings to 132,536 worth $303 million.

Jordan Kerridge flagged the transaction. He notes that this is a sign of big players being optimistic even in the face of volatility. This type of move often precedes a bullish trend and can influence the broader market.

The buy comes at a time when Ethereum is recovering from a dip so this is a high risk high reward move and a sign of potential price momentum.

Market Confidence in Volatility

This is big accumulation against the backdrop of economic uncertainty and crypto price fluctuations. Analysts are linking this to macro events particularly U.S. Consumer Price Index (CPI) data which often causes volatility in crypto markets.

Jordan Kerridge had earlier mentioned that we can expect more volatility after CPI reports and whales are positioning themselves ahead of expected policy changes.

In a broader context this is similar to what high profile investors like Hugh Hendry did when he moved from traditional assets to Bitcoin during market stress.

The Ethereum buy reinforces a key principle in crypto investing: seasoned investors buy during dips and bet on long term growth over short term sentiment.

ETH/USD

Why Ethereum?

Ethereum is unique in the crypto space. Beyond being the second largest crypto by market cap, Ethereum’s use in DeFi and NFTs and the upcoming upgrades to the network make it a focus for institutional and retail investors.

Key points for Ethereum’s long term value:

Second largest crypto by market cap behind Bitcoin.
Used in DeFi and NFTs which increases utility and adoption.
Upcoming Ethereum upgrades will bring scalability and lower transaction fees.

As we focus on long term fundamentals this may be a sign of a broader reaccumulation among top tier investors.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.