Whales Go on a Buying Frenzy as Ethereum Dips to 8% Dominance!

Ethereum's Market Struggles Amidst Whale Accumulation

Hold onto your hats, folks! While Ethereum's dominance has plummeted to a jaw-dropping 8%—the lowest in ages—whales are diving in, snapping up the altcoin like it's going out of style!

Let's face it, Ethereum's been taking a beating alongside other altcoins. The market's been a rollercoaster with Bitcoin bouncing around and stocks feeling the heat from those pesky tariffs. But amidst all this chaos, something wild is happening.

Ethereum's price has tanked a whopping 46% over the last year, leaving Bitcoin in the dust. Crypto guru Rekt Capital spilled the beans that ETH's dominance has been on a steady slide since June 2023, crashing from 20% to just 8%. Yikes!

But here's the kicker—Ethereum's been known to bounce back when it hits these lows. Could history be about to repeat itself? The whales seem to think so, and they're not holding back!

With Ethereum hovering below the $2,000 mark, these big fish are gobbling up ETH like it's their last meal. IntoTheBlock's data shows a spike in large transactions, jumping from 4.41k on April 2 to over 4.61k just two days later. And that's not all—the past week's seen an average of 5.5k large transactions. It's a whale feeding frenzy!

Get this: three whale wallets have splashed out over $40 million on ETH in the last 24 hours alone. One whale even dropped a cool $20.78 million on 11,463 ETH in the last six hours. Talk about making a statement!

And the buying spree isn't slowing down. Lookonchain spilled the tea that a whale's been aggressively snatching up Ether since March 26, 2025. Today, this same whale scooped up 4,100 ETH worth over $7.32 million at $1,785 each!

Since March 26, this whale's racked up a staggering 33,441 ETH—over $65.5 million worth—at an average price of $1,959. That's some serious cash!

But it's not just today's buys. On March 29, this whale snagged 3,195 ETH for $5.97 million, and on April 4, another 4,100 ETH for over $7.32 million. The earlier purchase averaged out at $1,868 per coin, but with Ethereum's price dipping lately, the whale's been able to buy in even cheaper.

Lookonchain's latest post revealed the whale's most recent spree at an average of $1,785 per coin. And now, with a total of 33,441 ETH in their wallet, this investor's sitting on a hefty $65.5 million stash, bought at an average of $1,959.

So, what's the takeaway? While Ethereum's market dominance might be at rock bottom, the whales are betting big on a comeback. Will you join the frenzy?