Ethereum whale buys $39M in ETH during market drop, hinting at strong dip-buying sentiment
From Cointelegraph
June 22, 2025 12:03 pm:
An Ethereum whale bought $39 million in ETH during a market sell-off caused by US airstrikes on Iran. Mega-whales added 116,000 ETH on June 21, hinting at strong dip-buying sentiment. Technical patterns suggest a potential 25% bounce for ETH towards $2,735. The whale accumulated $330 million in Ether despite the recent market downturn.
Even as ETH dropped by 12.80% to $2,155 in 24 hours, the whale bought 9,400 ETH. This move came amid reports of a possible US military strike on Iran. The whale actively accumulated and staked ETH through Lido’s liquid staking protocol during this bearish period.
The purchases suggest a long-term “buy the dip” view by the whale. Glassnode data shows that Ethereum wallets holding 10,000 ETH or more increased their positions during the market decline. Mega-whales acquired over 116,000 ETH on June 21, valuing $265.30 million, indicating a buying opportunity amidst the dip.
Market analyst Sensei predicts a potential 25% bounce for ETH towards $2,735. Ether is currently above a key ascending trendline, hinting at a strong rebound. Previously, a bounce from the same level led to a 55% rally. This article does not provide investment advice, readers should conduct their research before making decisions.
Read more at Cointelegraph: Ethereum Whale Stacks $39M in ETH Despite Ether Falling Harder Than Bitcoin