Ethereum Whales Invest Heavily in ETH, Indicating a Shift in Investor Mindshare
Cryptocurrency whales, or large investors, have been buying hundreds of millions of ether, signaling an organic rotation from investor mindshare compared to older coins with more upward potential. According to Arkham, a blockchain data platform, nine “massive” whale addresses purchased a cumulative $456 million worth of ETH from Bitgo and Galaxy Digital.
Research analyst Nicolai Sondergaard from Crypto Intelligence Platform Nansen notes that the growing demand for the world’s second-largest cryptocurrency indicates a “natural rotation” of the market towards ether and other older coins with more upward potential. Sondergaard explains, “Much of this looks like natural rotation. Investors who locked in profits from Bitcoin’s run and are moving into other tokens to achieve potential advantages.” He adds that ether, in particular, benefits from this rotation due to its strong mindshare and dynamics from Ether-Treasury company.
The latest ether whale movements are “remarkable,” but the wider trend is that investors are looking beyond Bitcoin for the next big opportunity, according to Sondergaard. Crypto analyst Willy Woo also points out the growing capital rotation from Bitcoin (BTC) to ether, citing data that shows $0.9 billion per day in inflows of BTC.
These comments come after a Bitcoin whale worth over $11 billion sold $2.59 billion worth of Bitcoin and $2.2 billion worth of ETH, as well as a $577 million ether-long position on a decentralized exchange, according to Cointelegraph. The increasing Bitcoin profits could be a precursor to more investor mindshare focusing on ether, adds Sondergaard.
Smart Money Traders Invest in Altcoins
The most successful cryptocurrency traders, known as “Smart Money” traders on the Nansen blockchain intelligence platform, are already shifting towards older coins and investing in an altcoin season for 2025. According to Nansen data, Smart Money traders have acquired Chainlink tokens worth $1.2 million, Ethena (ENA) tokens worth $967,000, and Lido Dao (LDO) tokens worth $614,000.
The growing Link acquisitions may be in response to Bitwise Asset Management’s filing for a Link-based exchange-traded fund with the US Securities and Exchange Commission, as reported by Cointelegraph. However, these cumulative altcoin acquisitions pale in comparison to the $28 million worth of altcoins acquired by a dormant whale that had been inactive since 2021, also reported by CoinTelegraph.
For more information on the Ethereum whales and the shift in investor mindshare, visit Cointelegraph.
