{"id":40105,"date":"2025-08-02T13:02:07","date_gmt":"2025-08-02T13:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40105"},"modified":"2025-08-02T13:02:07","modified_gmt":"2025-08-02T13:02:07","slug":"ethereum-exchange-reserves-just-hit-a-new-9-year-low-amid-treasury-accumulations","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40105","title":{"rendered":"Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations"},"content":{"rendered":"
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Ethereum might actually be outperforming<\/a> every other cryptocurrency right now, and on-chain data shows<\/a> that this is likely due to a series of accumulations on the back end. Ethereum recently bounced off $3,730, which in turn sent its price climbing back above the $3,800 mark and caused optimism that it could make another attempt toward $4,000.\u00a0<\/p>\n

Interestingly, while this is playing out, data from on-chain analytics platform CryptoQuant shows that whale wallets have steadily absorbed ETH supply throughout July to effectively push the supply on crypto exchanges to its lowest point in nine years.<\/p>\n

Exchange Reserves Plunge To 2016 Levels<\/h2>\n

Many technical and on-chain fundamentals are currently lining up for Ethereum, but perhaps the most notable development is the decline in Ethereum\u2019s exchange reserves. On-chain data shows that ETH held on centralized trading platforms has dropped to levels not seen since 2016, which makes it a new nine-year low. This decline in reserves is significant because it relays a reduction in sell-side pressure on top of the demand Ethereum is currently witnessing.<\/p>\n

As shown in the chart image below, the total Ethereum reserve on exchanges has been on a free fall since the beginning of 2025. At the time of writing, the total Ethereum reserve on crypto exchanges is at 18.7 million ETH, which is just about 15.5% of the total ETH circulating supply.\u00a0<\/p>\n

\"Ethereum\"<\/p>\n

Massive Whale Buys Shows Confidence<\/h2>\n

Ethereum\u2019s exchange reserves aren\u2019t just dropping by chance; they\u2019re being actively drained by whales.<\/a> According to data from on-chain transaction tracker Lookonchain, major investors have been aggressively buying ETH in recent weeks.\u00a0<\/p>\n

Since July 9, a total of eleven newly activated wallets have collectively accumulated 722,152 ETH, valued at $2.77 billion. Interestingly, Lookonchain recently noted that three of<\/a> these wallets scooped up an additional 73,821 ETH, worth roughly $283 million. Another whale address, \u201c0xF436,\u201d withdrew <\/a>14,520 ETH worth about $53 million from exchanges in the past 9 hours.<\/p>\n

The accumulation has been spread across many sources,<\/a> including FalconX, Kraken, Galaxy Digital OTC, and Binance, with FalconX accounting for the three largest single-wallet purchases. One of these wallets received over 138,000 ETH, worth more than $531 million, between July 18 and July 23.<\/p>\n

Supporting the bullish outlook is a major purchase by The Ether Reserve LLC, a treasury management arm of The Ether Machine. In a recent announcement tied to<\/a> Ethereum\u2019s 10th anniversary, the firm disclosed the acquisition of nearly 15,000 ETH, valued at around $56 million. This brings their total holdings to approximately 334,757 ETH, with an additional $407 million allocated for further Ethereum purchases.\u00a0<\/p>\n

As more capital is committed to ETH in this manner, and with exchange reserves nearing historic lows, the conditions for a rally <\/a>to new all-time highs appear to be falling into place. At the time of writing, Ethereum is trading at $3,485, down by 5.5% in the past 24 hours.<\/p>\n

\"Ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum might actually be outperforming every other cryptocurrency right now, and on-chain data shows that this is likely due to a series of accumulations on the back end. Ethereum recently bounced off $3,730, which in turn sent its price climbing back above the $3,800 mark and caused optimism that it could make another attempt toward […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40105","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40105"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40105\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}