{"id":3482,"date":"2026-05-30T20:55:57","date_gmt":"2026-05-30T20:55:57","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3482"},"modified":"2026-05-30T20:55:57","modified_gmt":"2026-05-30T20:55:57","slug":"ethereums-largest-wallets-now-control-more-than-22-of-supply-as-accumulation-picks-up","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/30\/ethereums-largest-wallets-now-control-more-than-22-of-supply-as-accumulation-picks-up\/","title":{"rendered":"Ethereum\u2019s Largest Wallets Now Control More Than 22% of Supply as Accumulation Picks Up"},"content":{"rendered":"\n
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Ethereum\u2019s largest holders are becoming increasingly active once again.<\/p>\n\n\n\n

Ethereum (ETH) briefly fell below the $2,000 mark this week for the first time since March 29. Although the asset has since recovered and is currently trading around $2,002, it remains nearly 60% below its August peak of almost $5,000.<\/p>\n\n\n\n

Despite the sharp decline, on chain data indicates that Ethereum\u2019s biggest whales have resumed accumulating the asset.<\/p>\n\n\n\n

Ethereum Whales Increase Their Share of Supply<\/strong><\/p>\n\n\n\n

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

The latest data follows a report from Santiment, which noted that Ethereum\u2019s drop below $2,000 sparked a wave of \u201cbuy the dip\u201d sentiment among retail investors. According to the analytics firm, crypto markets generally respond to steep declines in one of two ways. Traders either become fearful and begin exiting their positions, or they grow optimistic and view lower prices as an opportunity to accumulate.<\/p>\n\n\n\n

In Ethereum\u2019s case, optimism appears to be the dominant sentiment. Many retail traders seem to believe the recent decline presents a discounted entry point rather than a signal of further downside.<\/p>\n\n\n\n

However, Santiment cautioned that excessive optimism among retail participants has historically been a bearish indicator. The firm explained that retail traders often misjudge market direction during periods of heightened volatility. It added that a stronger buying opportunity could emerge once the current fear of missing out subsides and sentiment shifts toward panic, a condition more commonly associated with market bottoms.<\/p>\n\n\n\n

Potential Downside Targets Remain in Focus<\/strong><\/p>\n\n\n\n

Bearish technical signals have not completely disappeared from the market. Crypto analyst Ali Martinez stated that Ethereum could face increased selling pressure if it closes the week below the $1,850 level.<\/p>\n\n\n\n

Based on the broader channel structure, Martinez identified two possible downside targets. The first is around $1,560, which he described as an important interim support level. The second target is near $1,070, representing the lower boundary of Ethereum\u2019s multi year trading range.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum\u2019s largest holders are becoming increasingly active once again. Ethereum (ETH) briefly fell below the $2,000 mark this week for the first time since March 29....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3482","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3482"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3482\/revisions"}],"predecessor-version":[{"id":3484,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3482\/revisions\/3484"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}