Ethereum remains in the spotlight of the cryptocurrency market due to significant accumulation of the asset by large investors and active discussions on social media.
This is reported by Finway
Significant accumulation of Ethereum by whales and discussions on social media
According to the analytical company Santiment, attention to Ethereum has intensified due to several key factors. Among them are discussions on Reddit about fraudulent schemes involving fake crypto wallets, resulting in users losing their assets. Meanwhile, Ethereum is actively mentioned on Telegram as the leading platform for smart contracts and shows growing popularity in the areas of staking, DeFi, NFTs, Layer 2 solutions, and institutional adoption. The price fluctuations of the coin and the celebration of the network’s decade have become particularly prominent topics of discussion.
According to Lookonchain data, since July 9, 2025, large cryptocurrency holders (“whales”) have purchased Ethereum worth over $2.4 billion. Just in the last 48 hours, as noted by analyst Ali Martinez, the largest market participants bought over 220,000 ETH, equivalent to $840 million. In total, nine new wallets accumulated 640,646 ETH during this period.
“According to experts from Lookonchain, since July 9, whales have accumulated Ethereum worth over $2.4 billion.”
Ethereum rally not linked to capital redistribution from Bitcoin
Analysts at CryptoQuant emphasize that the current Ethereum rally is not due to the flow of investments from Bitcoin. As of July 25, 2025, the realized market capitalization of Bitcoin reached a record value of $1.018 trillion. This indicates that investments in Bitcoin remain high even amid the rising price of Ethereum. Experts stress that the increase in ETH’s value is explained by the influx of new capital, rather than the redistribution of funds from Bitcoin. Additional drivers include the effects of the Genesis Law and high expectations for the further development of the Ethereum ecosystem.
At the same time, analysts at Glassnode previously reported an increase in open interest in Ethereum to its highest level in over two years, which also reflects growing investor confidence in this asset.