The accumulation addresses of Ethereum have seen a record-breaking inflow of $883M ETH, lending credence to the idea that Ethereum is an ‘unambiguous investment’ despite its recent lackluster performance in comparison to the wider cryptocurrency market.
CryptoQuant, a data resource, reported that Ethereum accumulation addresses received 330,705 Ether (ETHUSD) worth $883 million in a single day. This is the highest daily inflow ever recorded. Consequently, the total ETH held by these long-term holders hit a new high of 19.24 million. This represents a significant 20.55% increase in 2025, despite a 20.75% decline in ETH price over the same timeframe.
Accumulation addresses are wallets that consistently receive ETH without making any outgoing transactions. They are often owned by long-term holders, institutional investors, or entities strategically accumulating Ethereum instead of actively trading it.
Large inflows into these addresses usually indicate a strong belief in Ethereum’s long-term potential. Historical trends show that such inflow spikes often precede price rallies. For instance, Ethereum accumulation addresses logged a record daily inflow of over 244,000 ETH on February 26, 2023, and nearly two months later, ETH’s price surged by almost 35%.
Accumulation trends are also reflected in the ongoing increase in ETH held by American spot Ethereum exchange-traded funds (ETFs), which are currently at levels similar to those seen in November 2024. This was when Donald Trump’s reelection as US president spurred a bullish bias across the crypto market.
MAC_D, a CryptoQuant analyst, views these large inflows into accumulation addresses as a reflection of anticipated DeFi regulatory de-risking under Trump’s pro-crypto policies. This suggests that smart money is likely to accumulate aggressively, irrespective of the price.
Despite these positive indicators, Ethereum continues to face stiff competition from other layer-1 blockchains, notably Solana (SOL), and its path to $4K is fraught with challenges. However, if Ethereum can adapt to the rising competition and leverage regulatory momentum, it could reach $4,000 and beyond, according to Nansen’s Aurelie Barthere.
