Ethereum Whale Invests $39M in ETH Amid Market Dip: Key Insights Inside
Ethereum Whale Accumulates $39 Million Amid Market Turmoil
Ethereum Whales Show Strong Buying Sentiment
In a striking move during a market sell-off fueled by airstrikes in the Middle East, a prominent Ethereum investor has amassed approximately $39 million in Ether (ETH). This acquisition took place on June 22, demonstrating resilience against prevailing market tensions.
A wallet identified as 0x7355…213 purchased around 9,400 ETH in two significant transactions, raising its total balance to a staggering $330 million. This buying spree came despite ETH’s notable downturn, where it experienced a decline of nearly 12.80% within 24 hours, falling to a low of $2,155. In comparison, Bitcoin (BTC), the leading cryptocurrency, witnessed a drop of only 4.70% in the same timeframe.
Market Impact and Whale Activities
This price drop occurred as financial markets reacted to reports of a US military strike on Iran, marking a pivotal escalation in the existing conflict. Despite the bearish sentiment surrounding ETH’s performance, the whale continued to purchase and even utilized Lido’s liquid staking protocol, underscoring a belief in the long-term potential of the cryptocurrency.
The whale’s strategic accumulation aligns with data from Glassnode, which indicates that larger Ethereum wallets (those holding 10,000 ETH or more) have been increasing their positions not only following the US’s airstrikes but also in the days leading up to this incident. Notably, on June 21 alone, these major holders acquired over 116,893 ETH valued at around $265.30 million, viewing the dip as a prime opportunity rather than a reason to divest.
Potential for Ethereum Rebound
Ethereum’s price is currently maintaining its position above a crucial ascending trendline, suggesting a possible positive reversal in the near future. According to market analyst Sensei, the historic bounce from this support level previously resulted in a considerable rally of 55% from April to May 2025. Should this pattern recur, ETH could rise by approximately 25% towards the resistance level of $2,735 in the short term.
As the crypto market navigates ongoing geopolitical risks, the buying activity from Ethereum whales signifies strong confidence in the asset’s long-term trajectory. This outlook invites further observation as the market stabilizes and investors evaluate their strategies moving forward.
This article serves informational purposes only and does not constitute financial advice. Readers are encouraged to conduct independent research before making investment decisions.
