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Toggle"Mysterious Whale" Accumulates Over 221,000 ETH in Just One Week, Ethereum Market Capitalization Surpasses Mastercard.
The cryptocurrency market witnessed a notable movement last week: an anonymous organization quietly but aggressively accumulated Ether (ETH) in massive volumes. According to data from the Lookonchain analysis platform, in just 7 days, this organization purchased 221,166 ETH as ETH price surged 21%.
In the most recent 24 hours alone, this "mysterious whale" bought additional ETH worth $212 million. Notably, they are using six different wallets to store this massive amount of ETH, purchased through three major channels: Galaxy Digital, FalconX, and BitGo. The wallet with the largest value currently contains approximately $181 million in ETH, while the smallest wallet holds around $128 million.
Number of ETH "Super Rich" Wallets Reaches One-Year Peak
According to glassnode data, the number of Ethereum wallet addresses holding over 10,000 ETH reached 868,886 last Saturday — the highest level in 12 months. This indicates a strong accumulation trend among institutional investors and individuals with significant financial resources.
Ethereum Market Capitalization Surpasses Mastercard
Thanks to an impressive price increase, Ethereum's market capitalization rose to $523 billion on Monday, surpassing the payment giant Mastercard ($519 billion). ETH price has now exceeded $4,000, and at the time of this report, it was around $4,332.
ETH's remarkable growth also confirms Ethereum's position as the world's second-largest blockchain platform, after Bitcoin, especially in a context where President Donald Trump — who was re-elected at the end of 2024 — has more open policies towards the cryptocurrency industry, creating additional investor confidence.
Listed Companies Significantly Increase ETH Reserves
According to CoinGecko, in the past week, public companies holding ETH reserves added over 304,000 ETH (valued at more than $1.3 billion).
BitMine Immersion Technologies was the largest buyer, accumulating over 208,000 ETH (equivalent to over $900 million) in just one week.
SharpLink Gaming ranked second with ETH purchases valued at $303 million.
Behind the Story: Signal for a New Price Cycle?
Analysts suggest that the continuous ETH purchases by anonymous organizations and many listed companies are not just a mere asset reserve strategy, but also a clear signal for a new price cycle. This is further reinforced by the significant increase in ETH trading volume on major exchanges, and the simultaneous increase in ETH withdrawals — indicating that investors are focusing on long-term holding rather than short-term trading.
Additionally, positive political movements from the current Trump administration, especially the plan to promote the United States as a global blockchain center, are creating a favorable context for Ethereum and the cryptocurrency market in general.
