Large ETH Holders Scoop Up 1.49 Million Tokens in 30 Days Amid Retail Selling

ETH Holds Firm Above $2.5K as Large Holders Scoop Up 1.49M Coins Amid Retail Weakness

Despite facing modest headwinds from ETF outflows, Ethereum’s native token ETH is showing signs of resilience, buoyed by steady accumulation from large investors.

ETH was trading at $2,508 on Friday, down just under 1% over the last 24 hours. While not immune to broader market unease, the token managed to maintain its footing above the psychologically important $2,500 level.

According to blockchain analytics firm Santiment, wallets holding between 1,000 and 100,000 ETH — typically categorized as whales and sharks — added a net 1.49 million ETH over the past 30 days. Their collective share of circulating supply now sits just shy of 27%, rising by 3.72% over the month.

In contrast, smaller retail wallets have been reducing exposure, cashing out during recent price dips. This divergence, analysts say, highlights a growing conviction among institutional or high-net-worth holders even as smaller investors tread cautiously.

The flows into Ethereum-based ETFs also reflected changing sentiment. U.S.-listed spot ETH funds saw a net $2.2 million outflow on Friday — the first withdrawal after 19 straight days of inflows, according to Farside Investors.

Despite the ETF pullback, ETH continues to consolidate above major support at $2,500 — a key level watched by both technical traders and longer-term investors.

Technical Breakdown:

ETH ranged from $2,499.39 to $2,580.53 in the last 24 hours.
The price briefly dipped below $2,500 but rebounded to close near $2,518.76.
A spike in volume during the late session (17:30–18:00 GMT) coincided with the bounce.
Support is forming between $2,500–$2,510, while upside resistance remains near $2,580.
Momentum indicators suggest short-term consolidation, but long-term positioning remains bullish.