With the tokens consolidated over $3,700, the notable whale wallet is once again loaded into the ETH. Several transactions take place in the open market, indicating true demand for available tokens.
Yesterday we saw some notable ETH purchases as the tokens were consolidated above $3,700. Significant whale accumulation adds to the overall trend of more ETH to migrate to the accumulation address.
The last 24 hours of purchase came from an anonymous whale installing a new wallet. Trump’s World Freedom FI has achieved net profits and added to the purchase despite purchasing at a higher average price.
Additional purchases resumed with an 11.2% market advantage as ETH was trading at $3,711.34. ETH is closely monitored as a potential driver for the larger Altcoin rally.
ETH flow to the storage wallet is still vertical
Over 22m of ETH is accumulated in dedicated wallets, in addition to staking and other locking mechanisms. Although ETH supply is still large, the tokens may be passing through a short-term supply crunch as whales are in a hurry to secure more tokens than companies and ETFs.
ETH accumulation has entered the hockey stick zone since May. This is because more whales scrambled to secure ETH for staking, defri and long term reserves. |Source: Cryptiquant
Since May, more than 7m of ETH has been added to the accumulation address. The past two months have accelerated accumulation after viewing ETH as depleable for years. As of July, ETH activities have increased, with active uniqueness of nearly 600K each day address.
Although ETH is included in fully regulated products and markets, retaining the actual token opens up multiple tools for decentralized activity. ETH becomes a network of whales and is liquid enough to lend and expand.
Two new whales accumulate through exchange with OTC
Two new whale wallets have been created over the past week, accumulating ETH totaling over $240 million. The first whales attacked 32,640 ETH OTC deals and relied on Galaxy Digital’s reserves.
The newly created wallet 0x3DF3 purchased an additional 32,640$ETH ($122.18M) via OTC.
– lookonchain (@lookonchain) July 23, 2025
Galaxy Digital itself has expanded its ETH reserves to 71m in the past few days, but the whales quickly acquired 10 million.
On the other Whale wallet 105,977 ETH were stored using Falconx and accumulation was achieved within 4 days.
Whale purchases continued even after Wintermute announced that its OTC desk had effectively dried up. Now, market makers have slightly expanded their reserves but still retained 12.71K ETH and whales are not enough either.
World Liberty Fi continues to accumulate ETH
World Liberty Fi remains an ETH supporter in addition to its multi-chain strategy. Trump’s funds added 3,473 ETH worth $13 million.
The fund is buying ETH through new ones addresswas flagged by Arkham as likely to belong to the Free FI of the World. Trump’s fund has been actively using its ETH and has recently sent 1,000 tokens to Aave V3.
Recent purchases follow the vote to make WLFI tokens transferable and tradeable. World Liberty FI has announced that it will work on partnerships and infrastructure to ensure token liquidity and trading pairs. Owning ETH can increase the likelihood that world-renowned FIs will build their own Aave Lending Vault.
