Core Insights - Ethereum's largest holders, or whales, are increasing their balances, indicating a potential market shift and renewed investor confidence in Ethereum [1][2] - Accumulation by wallets holding between 10,000 and 100,000 ETH has been observed since April, marking one of the strongest accumulation waves since the 2021 cycle [2] - Historical data suggests that increased supply from these whales correlates with Ethereum's long-term price movements, with expectations for a similar trend in 2025 [3] Whale Activity - A notable whale rotation from Solana to Ethereum has been flagged, with one entity selling 99,979 SOL for approximately $18.5 million and using the proceeds to purchase 4,532 ETH [4] - This shift indicates a growing preference among sophisticated traders for Ethereum's stability and ecosystem depth over the more volatile Solana market [4] Market Sentiment - Despite the positive whale activity, broader altcoin markets, excluding Bitcoin and Ethereum, are showing signs of weakness, as noted by analyst Johnny Woo [5]

Man I had this wild dream that the altcoin markets went to zero this weekend, it was absolutely wildQuickly got up and checked the monthly charts only to see nothing changedWeird shit, I could've sworn something crazy happened ...