Ethereum News Update: Major Ethereum Holders Accumulate $1.37 Billion Position, Ignoring Recent Market Fluctuations

In November 2025, Ethereum (ETH) underwent a notable price drop, falling by almost 12% to hit a four-month low of $3,000 before making a slight recovery. During this turbulent period, prominent investors—commonly referred to as "whales"—began accumulating large amounts of ETH, purchasing 394,682 ETH valued at $1.37 billion within just three days. This accumulation, as reported by

, reflected their continued faith in Ethereum’s long-term outlook despite prevailing market challenges. The surge in buying activity happened as reserves on exchanges dropped to historic lows, a trend often associated with bullish expectations since investors tend to move assets into long-term holdings, according to the same source.

The largest acquisition came from an "Aave whale," who bought 257,543 ETH worth $896 million, as detailed by blockchain analytics provider Lookonchain. The next biggest buyer was Technologies, the biggest corporate holder of Ethereum, which added 40,719 ETH (about $139.6 million) to its holdings. Bitmine has consistently bought during market downturns, having invested $250 million in October and another $113 million shortly after, as highlighted by BeInCrypto. These purchases were executed through platforms such as Coinbase and FalconX, indicating a deliberate move to take advantage of lower prices, according to BeInCrypto.

The average acquisition price for these major investors was $3,462, slightly above Ethereum’s recent bottom of $3,000. This suggests that these buyers saw the price drop as an opportunity rather than a sign of deeper problems. Additional on-chain data, such as negative MVRV (net profit/loss value) indicators, supported the view that the market had entered a historically favorable buying range, as reported by BeInCrypto.

Wider network statistics reinforced this narrative. According to CryptoQuant, Ethereum reserves on exchanges have reached their lowest point since 2016, signaling a move toward long-term holding. This trend is typically interpreted as a sign that a price rebound could be on the horizon, since lower exchange liquidity can push prices higher when demand rises, as noted by BeInCrypto.

While the broader cryptocurrency market remains cautious due to regulatory uncertainties and macroeconomic concerns, the actions of these large holders show a clear difference between short-term market swings and long-term belief in Ethereum’s value and adoption. Experts suggest that continued accumulation by whales could eventually lead to price increases, especially if exchange reserves keep shrinking and on-chain activity stays strong, according to BeInCrypto.

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