As the crypto market turns slightly bearish, the Ethereum the price lost the $2,300 mark, raising questions about the stability of its recent rise. Amid this sideways price action, a report shows that the diminishing bullish sentiment among Ethereum whales is highlighted by a significant drop in their holdings.
The portfolio of major ETH players is declining sharply
After examining Ethereum Whales‘holdings, Ali Charts, a market expert and seasoned trader, revealed that these key investors are showing a trend not seen in over a year. As the ETH price slowly loses its bullish momentum, a major wave of selling has rocked the ETH market.
This increased selling activity has been seen among large investors or whales holding between 1,000 ETH and 10,000 ETH, who are dumping nearly a quarter of their holdings in the face of uncertainty. Such a trend highlights a significant decrease in exposure, raising questions about confidence and market stability in the near term.
Since October 6, 2025, Ethereum holders between 1,000 and 10,000 ETH have undergone a notable regime change in their market activity. Before this change, the cohort was in a regular accumulation phase. During the period, these investors’ ETH portfolio saw an increase from 12.95 million ETH in April 2025 to a peak of 15.95 million ETH on October 6, 2025. Fast forward to May 2026, and this behavior has changed again.
As shown in the chart shared by Ali Charts, the amount of ETH held by these mid-tier whales decreased from 15.95 million to approximately 12.52 million, representing a decrease of approximately 21.5% of their total position. This simply implies a radical change in positioning from some of the network’s largest investors.
Ali Charts reported this development as oversupply. According to the expert, this suggests that the path to $3,000 may require a new wave of demand from institutions or individual investors to compensate for the distribution of whales.
It is worth noting that a few days ago, ETH whales went on a buying spree. During the period, more than 140,000 ETH, valued at approximately $322 million, was picked up by these key players. When wealthy holders buy more, it’s a sign that smart money is preparing for a breakthrough.
Tokenized Treasuries Rise on the ETH Network
Even though the price of Ethereum remains significantly down from its all-time high, this decline has not slowed down institutional adoption, which is currently accelerating. Office Corner reported an increase in tokenized treasuries on the leading network.
The graph shows that the EPF network has just exceeded $8 billion in US Treasury bonds symbolized for the first time in its history. The rise of blockchain-based sovereign debt instruments highlights the growing importance of Ethereum as the foundation of real-world financial assets.
Additionally, the week saw the expansion of BRIDGE stablecoins from Stripe to Celo and plans for Canada’s first regulated stablecoin on Ethereum. Despite the growth, The price of ETH continues to struggle to break key near-term resistance.
Featured image from Pexels, chart from Tradingview.com
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