Ethereum Whale Purchases $39M ETH During Market Dip

Edited by: Yuliya Shumai

On June 22, 2025, an Ethereum whale purchases approximately 9,400 ETH, valued at $39 million, according to the provided source. This acquisition increased the wallet's total Ether holdings to $330 million. The purchases occurred despite a broader market downturn.

Ethereum's price fell by 12.80% in the last 24 hours, reaching $2,155, as stated in the source. Bitcoin (BTC) declined by 4.70% during the same period. This downturn coincided with reports of a direct U.S. military strike on Iran.

Data from Glassnode showed that wallets holding 10,000 ETH or more increased their net positions, acquiring over 116,893 ETH worth approximately $265.30 million on June 21, as the source indicates. Analysts noted that Ethereum was holding above a key ascending trendline, potentially leading to a rebound.

Sources

  • Cointelegraph

  • Axios

  • Time

  • Financial Times

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