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06/20 02:56Bullish

Ethereum Whale Activity Crashes 90% as Large Trans

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Ethereum Whale Activity Crashes 90% as Large Transactions Fall to Multi-Month Lows Ethereum (ETH) remained under pressure Thursday amid geopolitical tensions in the Middle East, persistent inflation concerns, and expectations of tighter monetary policy. Notably, the crypto asset’s weakness comes as on-chain data points to a sharp decline in whale participation. According to data from blockchain analytics platform Santiment, shared by crypto analyst Ali Martinez, large Ethereum transactions have fallen dramatically over the past two weeks. “Whale activity on the Ethereum network has dropped by 86.6%, falling from 2,194 large transactions on June 5 to just 294 today,” Martinez stated. The decline represents one of the steepest drops in whale activity seen in recent months and suggests that major holders have become significantly less active on the network. Notably, large transactions are closely monitored by traders because they often provide insight into institutional participation, capital flows, and broader market conviction. While the slowdown does not automatically signal increased selling pressure, it may indicate that large investors are adopting a wait-and-see approach amid heightened market uncertainty. Ethereum’s recent price action has been influenced by a combination of geopolitical and macroeconomic factors. Escalating tensions between Israel and Iran have raised concerns about potential disruptions to global energy markets and renewed inflationary pressures. The resulting uncertainty has reduced investor appetite for risk assets, contributing to broader weakness across cryptocurrency markets.

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