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Ethereum whales reduce holdings by 2.9% while retail and staking demand rise, pushing ETH price up 26%.

Market News
22 Aug 2026
AMBCrypto
View Source
Bullish
Ethereum whales reduce holdings by 2.9% while retail and staking demand rise, pushing ETH price up 26%.

Ethereum wallets holding over 1000 ETH reduced their holdings by 2.9% from May to August, trimming 1.7 million coins. Meanwhile, smaller wallets holding 1 to 10 ETH increased their share, indicating retail accumulation. Staked ETH also rose to a record 42.3 million coins, showing strong demand despite Q2 headwinds. Institutional investors are betting on ETH's price recovery, with bullish options targeting $2,500 to $3,000 by September, potentially doubling from the June low of $1,500. This combined activity has driven ETH's price up 26% this week to $2,500, reversing Q2 losses.

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