From Cointelegraph

June 15, 2025 11:46 PM:

Major Ethereum holders have been accumulating Ether over the past month, adding 1.49 million ETH worth $3.79 billion. Wallets holding between 1,000 and 100,000 ETH now have 41.61 million ETH, nearly 27% of the current supply.

Whales are increasing activity in Ethereum’s DeFi space, with Ethereum Name Service seeing a 313.5% rise in whale transactions. Ethereum layer 2 Base-powered Virtual Protocol and USDC transfers on Arbitrum and Optimism also saw triple-digit increases in whale transaction activity.

Despite whale buying, Ether is only up 1.8% and 3.8% over the last 14 and 30 days, trading at $2,575. ETH is down nearly 48% from its all-time high, with institutional confidence in ETH seen in the spot ETF market.

Shares in SharpLink Gaming plummeted 73% in after-hours trading after filing to register a large volume of shares for potential resale. The move did not sit well with investors who bought into the firm’s Ether treasury plan, despite plans to sell up to $1 billion in common shares to purchase ETH.

Read more at Cointelegraph: Ethereum whales, sharks keep buying up ETH as retail cashes out