Ether Mega Whales Add $300M in OTC Buys Amid Recovery

- Institutional investors hit new milestones in Ether (ETH) accumulation. - OTC trades and ETF inflows signal renewed confidence in Ethereum’s market potential. On August 4, 2025, Cointelegraph reported that following a recent market recovery, "mega whales" and institutional investors have significantly accumulated Ether (ETH). This activity, which includes substantial over-the-counter (OTC) trades and robust inflows into Ethereum-focused exchange-traded funds (ETFs), comes after a weekend price dip, with improving sentiment and liquidity expectations driving the trend. Blockchain analytics firm Arkham Intelligence identified a single whale address that acquired $300 million in Ether, and according to Cointelegraph on August 4, Galaxy Digital facilitated the over-the-counter (OTC) trade. As of that date, this address holds 79,461 ETH, valued at approximately $282.5 million. In addition, BlackRock's iShares Ethereum Trust recorded over $1.7 billion in inflows over the past ten trading days, contributing to a 40% increase in overall on-chain ETF holdings of Ether in the last month. The accumulation trend extends beyond individual transactions, as the number of "mega whale" addresses—defined as those holding over 10,000 ETH—has grown significantly since early July. More than 200 new addresses have joined this category, including holdings linked to major exchanges, institutional custodians, and ETF products. While Ether’s price dipped below $3,400 over the weekend, it showed resilience by recovering to $3,560 by Monday. Increased buying activity and optimism about macroeconomic developments have also bolstered market sentiment. In relation to this, Monika Mlodzianowska, director of strategic partnerships at CoinW, noted that a cooling labor market could prompt monetary easing, which she explained would foster a bullish environment for cryptocurrencies. Despite the recent price recovery, Ether’s historical performance in August has been mixed, posting losses for the past three years, with the only notable gains during this period occurring in August 2021. However, the current wave of institutional accumulation underscores a growing confidence in Ethereum as a key asset within the cryptocurrency market. According to CoinMarketCap on August 4, Ethereum (ETH) was trading at $3,544.87 as of 07:15 UTC, with its 24-hour trading volume up 2.81%.