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Ethereum Whale Activity Surges: Dormant Wallets and BlackRock Fuel Buying Frenzy

As Ethereum dips, whales, dormant wallets, and giants like BlackRock are quietly buying billions—are they seeing something the rest of us don’t?

Ethereum Whale Activity Surges: Dormant Wallets and BlackRock Fuel Buying Frenzy
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Ethereum Whales Accumulate Billions as Price Dips – Smart Money Still Bullish

Ethereum Whale – Ethereum (ETH) may have dipped to an intraday low of $3,620, but major players aren’t shying away. According to Lookonchain data, whale wallets are actively accumulating despite the short-term volatility.

One fresh wallet, created just three days ago, has quickly amassed 72,333 ETH (worth approximately $267 million) after receiving 25,213 ETH (valued at $94.67 million) from FalconX early on July 22, 2025.

Meanwhile, another newly created wallet withdrew 5,309 ETH (around $19.96 million) from Binance, raising its total to 19,391 ETH (valued at $72.38 million).

Dormant Whale Awakens with $128M Purchase

Adding to the bullish tone, a long-inactive whale wallet—silent for over two years—resurfaced and snapped up 34,033 ETH (roughly $128.68 million) within minutes. This sudden re-entry signals renewed confidence in Ethereum at current levels.

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BlackRock Bets Big on Ethereum

Institutional momentum is also accelerating. Asset management giant BlackRock has reportedly acquired $1.76 billion worth of ETH over the past week, per Arkham Intelligence. Just today, the firm added 27,158 ETH (valued at $100 million) to its portfolio, as demand for Ethereum ETFs surges.

Profit-Taking Adds Selling Pressure

Not everyone is buying. A tracked whale recently sold 8,005 ETH at $3,751, raking in $30.03 million. Notably, this wallet had purchased 9,582 ETH at $2,725 just two weeks ago, scoring a $9.87 million profit—a 38% return in just 14 days.

ETH Remains Up Big on the Month

Despite the dip, Ethereum is up 23% on the week and 62.3% over the past month, keeping market sentiment bullish for further gains. At press time, ETH trades around $3,649, down 3.1% in 24 hours and 5.2% below the weekly high of $3,850.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.

Ethereum Whale Activity Surges: Dormant Wallets and BlackRock Fuel Buying Frenzy

Ethereum Whale Activity Surges: Dormant Wallets and BlackRock Fuel Buying Frenzy
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