Ethereum Whale Transfers Hit $100B in a Week, Highest Since 2021

Ethereum has experienced a significant surge in large-scale on-chain activity, with over $100 billion in transfers exceeding $100,000 recorded last week. According to data from on-chain aggregator Sentora, this marks the highest weekly volume since 2021.

Big-money ETH is back: last week, on-chain transfers over $100K totaled more than $100B, the highest weekly volume since 2021. pic.twitter.com/XWSzdnzNB0

— Sentora (previously IntoTheBlock) (@SentoraHQ) July 22, 2025

Notably, analysts link the surge to renewed activity from institutional players and crypto-native funds. The pattern points to growing confidence in Ethereum’s position in the digital asset landscape.

Fresh Demand and ETF Inflows

Glassnode data shows that Ethereum has attracted both seasoned market participants and a wave of new entrants. First-time holders have expanded their ETH balances by 16% since early July, reflecting fresh accumulation.

Reinforcing this trend, ether spot ETFs also saw significant inflows last week, with over 588,000 ETH entering these products. This figure is nearly 17 times the average and more than double the previous weekly record.

At the same time, exchange reserves are declining as more ETH is withdrawn from trading platforms. CryptoQuant reports that 1.71 million ETH flowed in, but approximately 1.8 million ETH exited, resulting in a net outflow.

Institutions Shift Focus as Regulations Take Shape

Institutional strategies are evolving in tandem with Ethereum’s on-chain momentum. BTC Digital (BTCT), a Nasdaq-listed blockchain firm, is moving its core focus from bitcoin to ether.

The move follows a $6 million raise and early plans to build a sizable ETH reserve. This transition reflects growing confidence in Ethereum and coincides with evolving market signals and regulatory developments.

Adding to Ethereum’s momentum, last week, President Donald Trump signed the GENIUS Act, a new law introducing federal oversight for stablecoins. Andrew Keys, CEO of Ether Machine, stated that Ethereum stands to benefit the most, noting that 90% of stablecoins and tokenized assets operate on its network.

In response to these developments, ETH traded above $3,800 on Monday, reaching a six-month high before easing to around $3,700 at press time. Despite a 2.6% daily drop, the price remains elevated relative to recent weeks.