18.07.2025 11:05
Ethereum's price surge continues unabated, pushing towards the $3,700 mark, fueled by a confluence of factors. This remarkable rally is driven by significant institutional investment, substantial whale accumulation, and a renewed surge in retail investor enthusiasm, often referred to as FOMO (fear of missing out). The cryptocurrency is now outperforming Bitcoin, leading many to believe altseason – a period where altcoins significantly outperform Bitcoin – has officially begun. With a market capitalization exceeding $416 billion, Ethereum has solidified its position among the top 30 global assets. Over the past week alone, its price has soared by 20%, a stark contrast to Bitcoin's recent plateau near $120,000 after reaching new all-time highs.
Two anonymous, large Ethereum holders, identified only as wallet addresses 0x35fb and 0x9684, have demonstrably increased their holdings. In the past week, these whales acquired a combined 206,415 ETH, representing a staggering $745 million investment. Specifically, 0x35fb transferred 103,274 ETH ($372.8 million) from Kraken over nine days, while 0x9684 moved a nearly identical amount, 103,141 ETH ($372.3 million), from FalconX within seven days. These large-scale transactions suggest a long-term investment strategy. Adding to this institutional interest, former US President Trump’s crypto venture, World Liberty Financial (WLF), further expanded its Ethereum holdings by purchasing an additional $3 million worth of ETH (861 ETH) on Friday, bringing their total investment to 70,143 ETH, valued at approximately $251 million.
The institutional involvement extends beyond individual whales. BitMine, for example, recently made a significant purchase of 137,515 ETH ($476 million) within just three days, bringing its total ETH holdings to an impressive 300,657 ETH (approximately $1.04 billion). Similarly, gaming company SharpLink continues its aggressive accumulation, recently purchasing an additional 32,892 ETH ($115 million). This widespread accumulation across both institutional and individual investors underscores the substantial confidence in Ethereum's future prospects, contributing to the ongoing price appreciation. This surge is clearly not limited to institutional players; even the more speculative segments of the market are showing increased activity. The combined effect of these actions strongly suggests a sustained bullish trend for Ethereum.
