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Ethereum whales and institutions increase holdings amid price drop and ETF outflows.

Market News
24 Jun 2026
AMBCrypto
View Source
Neutral
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Ethereum whales and institutions like Andreessen Horowitz and Bitmine have been actively buying and staking Ethereum despite a recent price decline of over 20% in the past month. Notably, a16z moved $42.62 million worth of ETH from Binance, while Bitmine purchased over $150 million worth of ETH in recent transactions. Meanwhile, the second-largest Ethereum staking entity, Sharplink, increased its staked ETH holdings. Although Ethereum ETFs saw significant outflows in May and June, supply distribution data shows major whales accumulating ETH, suggesting growing long-term confidence and potential for future price recovery as liquid supply tightens.

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