Wrapped Ethereum Hits Five Year Whale Record

Large investors are moving record amounts of capital through Wrapped Ethereum. Over the past week, the network processed 113,000 whale transactions worth over $100,000 each. This activity level is the highest seen in over five years, showing that significant funds are moving through trading, lending, and decentralized finance protocols instead of sitting idle.

This spike in activity matches several positive trends for Ethereum. US spot Ether ETFs are seeing steady inflows, with BlackRock products attracting notable attention. At the same time, the new Robinhood Chain is generating substantial volume and institutional players are showing more interest in holding ETH as a treasury asset.

Analysts are watching price levels closely now that ETH is showing strength. Many point to $1,850 as a critical support level that must hold to keep the current momentum alive. If the asset maintains this support, traders are eyeing upside targets between $2,200 and $2,300. While some experts warn of potential pullbacks before a true bull cycle begins, the current whale behavior suggests major participants are positioning themselves for the long term.