Ethereum Whales Selling Like There's No Tomorrow: Is a Price Crash Imminent?
Recent reports indicate a significant shift in the Ethereum market: Ethereum whales are selling like there is no tomorrow. Bitcoin whales keep hodling. pic.twitter.com/4ZL43AXyQJ. This divergence in whale behavior is raising concerns among investors and analysts alike.
Santiment data affirms this divergence, with top Ethereum experiences a decline as whales offload large amounts of ETH, raising concerns over further price corrections. Increased selling pressure signals potential weakness in the market.
Ethereum Whale Sell-Off: By the Numbers
Ethereum's price has stagnated around $1,700, prompting whales to sell 1.19 million ETH worth $1.8 billion over the past 72 hours. This massive outflow of ETH from whale wallets has triggered alarm bells within the cryptocurrency community.
Further contributing to the bearish sentiment, on-chain data from Santiment reveals that whales have offloaded approximately 760,000 ETH in just the past two weeks. This significant sell-off by these large holders suggests a lack of confidence in Ethereum's short-term prospects.
Conflicting Strategies: Some Whales Accumulate, Others Short
Data reveals a mixed bag of whale activities. While some are selling, others are engaging in different strategies. A -29% MVRV Long/Short Ethereum whales show split strategies: some accumulate millions in ETH, while others sell or short amid price drops. This suggests that not all whales are bearish; some are taking advantage of the price drops to accumulate more ETH or profit from short positions.
Dormant Whales and ICO Investors Join the Selling Pressure
The selling pressure isn't limited to active whales. ETH price fell 5% in early May 2025, but Dormant whales and early ICO investors are selling ETH, raising concerns of further sell-offs, despite some analysts predicting a potential recovery. The movement of ETH from these long-term holders adds another layer of complexity to the situation.
Bullish Whales Retreating?
Ethereum (ETH) is It appears that bullish whales have started retreatingsome, apparently, selling off their Ethereum totals in staggering halveswhile the mostly bearish subsets of sophisticated investors seem to be dominating the market sentiment. This shift away from bullish positions by large holders could indicate a deeper concern about Ethereum's future price trajectory.
What Does This Mean for Ethereum's Price?
The significant selling pressure from Ethereum whales raises serious questions about the stability of ETH's price. While some analysts remain optimistic about a potential recovery, the current trend suggests that further price corrections are possible. Investors should exercise caution and conduct thorough research before making any decisions.