Ethereum Whales Withdraw 1M ETH, Sparking Buying Frenzy Surge

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Whale of a Time: Ethereum‘s Big Fish Make a Splash! 🐋💰

  • One million ETH withdrawn from exchanges in 4 weeks cut supply by 5.5%. Talk about a diet! 🍽️
  • Ethereum price surges 57.67% in one month, reaching $2,485.37. It’s like a rollercoaster, but without the safety bar! 🎢

Over the previous month, Ethereum exchange reserves have dropped faster than my grandma’s cookies at a family reunion! According to CryptoRank.io, 1 million ETH has been taken out of centralized exchanges. The overall quantity of Ethereum that exchanges hold has decreased by a further 5.5%. During the period beginning in the middle of April and ending in the middle of May 2025, the supply of Ethereum decreased from eighteen million to seventeen million shares. Who knew Ethereum was on a weight loss program? 🏋️‍♂️

On May 12, the number of whales hit an all-time high! In a striking accumulation move, major crypto holders scooped up three hundred twenty-five thousand ETH within 24 hours, according to data shared by CryptoQuant. This was the most amount ever taken in by big accumulation addresses in a single day. I guess they were feeling a bit hungry! 🐳

This has had an effect on the price of Ethereum. ETH is worth $2,485.37 as of May 20, 2025. There has been an increase of 3.81 percent during the last twenty-four hours. The price has gone up by 57.67% in the past month, which shows that it is going up faster than my blood pressure during tax season! 💸

Record Whale Activity Signals Confidence


Source: X

A lot of whale activity has caused the removal of 1 million ETH. There are posts on X that show whales are taking ETH off of exchanges, with 1 million ETH taken off in only four weeks. This pattern is similar to what happened on May 12, when huge wallets took in 325,000 ETH in one day. It’s like a game of musical chairs, but with a lot more money and a lot less music! 🎶

CryptoQuant data backs up the 5.5% reduction in exchange reserves, which shows how big this shift is. Whales are moving ETH to safe storage, which makes the supply on trading platforms less. This drop frequently shows that people are confident that prices will rise in the future, as significant holders get ready for long-term profits. It’s like they know something we don’t! 🤔

This feeling is backed up by how Ethereum’s price has been doing. The 57.67% monthly growth shows that more people are interested in the market. The daily rise of 3.81% shows that the trend is still going up. It’s like watching a soap opera, but with more drama and fewer commercial breaks! 📈

Price Forecast Says $3,500 Is the Goal


Source – X

Market research shows that Ethereum might go up much more. In the next few weeks, ETH may rise above $3,500, according to predictions. This prediction fits with the patterns of fewer exchanges and whales buying up coins that were seen in May 2025. It’s like a magic trick, but instead of pulling a rabbit out of a hat, they’re pulling money out of thin air! 🎩💸

At $2,485.37, Ethereum is in a good position to break out. The 57.67% monthly rise shows that there is a lot of momentum. Historical trends reveal that big whale withdrawals generally happen before price increases. This is because less supply on exchanges may lead to more demand. It’s like a game of supply and demand, but with a lot more zeros! 💥

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2025-05-20 21:10