{"id":97002,"date":"2026-05-30T00:05:05","date_gmt":"2026-05-30T00:05:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=97002"},"modified":"2026-05-30T00:05:05","modified_gmt":"2026-05-30T00:05:05","slug":"ethereums-largest-wallets-now-control-over-22-of-supply-amid-fresh-accumulation-wave","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=97002","title":{"rendered":"Ethereum\u2019s Largest Wallets Now Control Over 22% of Supply Amid Fresh Accumulation Wave"},"content":{"rendered":"
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Ethereum (ETH) briefly plunged below the $2,000 threshold this week for the first time since March 29. While the price has since stabilized and is currently trading near $2,002, it still remains almost 60% below August\u2019s high of nearly $5,000.<\/p>\n

But data suggest that ETH\u2019s largest whales are accumulating again<\/p>\n

ETH Whales Tighten Grip on Supply<\/h2>\n

Wallets holding at least 100,000 Ethereum now collectively own 17.41 million ETH, the highest level in nine weeks. These holdings account<\/a> for 22.03% of Ethereum\u2019s total supply and mark a 10-week high.<\/p>\n

The latest findings come after Santiment reported<\/a> that the asset\u2019s fall below $2,000 triggered a wave of \u201cbuy the dip\u201d calls from retail traders. According to the analytics firm, crypto markets typically react to sharp declines in two ways: either fear takes over, and traders begin abandoning the asset, or optimism grows as traders view lower prices as a buying opportunity.<\/p>\n

The second reaction appeared to be dominating sentiment around ETH despite the recent weakness, which essentially meant that retail traders were increasingly confident that the decline represented a discounted entry point rather than a warning sign of deeper downside.<\/p>\n

However, Santiment warned that excessive optimism from the crowd has historically been a bearish signal, as retail traders often misread market direction during volatile periods. The firm went on to add that a stronger buying opportunity may emerge once the current FOMO fades and sentiment shifts toward panic, which it described as a more typical setup seen near market bottoms.<\/p>\n

Downside Targets<\/h2>\n

Bearish technical signals have not completely disappeared from the market. Crypto analyst Ali Martinez, for one, said<\/a> Ethereum could see accelerated downside pressure if it records a weekly close below the $1,850 level.<\/p>\n

Based on the broader channel structure, Martinez identified two potential downside targets following the rejection. The first target stands around $1,560, which he described as interim structural support, while the second target sits near $1,070, which marks the lower boundary of the crypto asset\u2019s multi-year range.<\/p>\n

The post Ethereum\u2019s Largest Wallets Now Control Over 22% of Supply Amid Fresh Accumulation Wave<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) briefly plunged below the $2,000 threshold this week for the first time since March 29. While the price has since stabilized and is currently trading near $2,002, it still remains almost 60% below August\u2019s high of nearly $5,000. But data suggest that ETH\u2019s largest whales are accumulating again ETH Whales Tighten Grip on […]<\/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-97002","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\/97002","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=97002"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97002\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}