Key Takeaways
- An unidentified institution bought approximately 221,166 ETH (~$946 million) in one week, including $212 million in the past 24 hours.
- Ethereum’s market cap surged past $523 billion, eclipsing Mastercard’s valuation of ~$519 billion.
- Corporate investors and ETS inflows are piling in, signaling strong institutional confidence and fueling bullish price targets.
Ethereum’s recent price rally is being driven by aggressive institutional accumulation.
A fresh wave of buying from a so-called “mystery institution” has become the focal point of market momentum, coinciding with a remarkable valuation milestone for the network.
Meanwhile, public companies and ETFs are piling in—further reinforcing bullish optimism.
Massive “Whale” Activity Shakes ETH Market
Data from blockchain tracker Lookonchain reveals that an unnamed institution acquired 221,166 ETH—valued at nearly $1 billion—within a single week.
In the most recent 24-hour span alone, it deployed $212 million to buy Ethereum, across six separate wallets with balances ranging from $128 million to $181 million. Such large-scale accumulation indicates strong confidence in Ethereum’s future.
Ethereum Surpasses Mastercard in Market Capitalization
As of the latest rally, Ethereum’s market value climbed to $523 billion, briefly overtaking Mastercard’s $519 billion valuation—a striking reflection of crypto’s growing legitimacy.
The price of ETH reached approximately $4,332, bolstered by this institutional demand.
Institutional and Corporate Onboarding Accelerates
The buying frenzy isn’t limited to whales. Public companies are aggressively adding ETH to their treasuries—over 304,000 ETH (worth ~$1.3 billion) was acquired in a week.
Leading the charge: BitMine Immersion Technologies ($303 million worth). Simultaneously, Ethereum spot ETFs are seeing huge inflows—BlackRock’s ETHA ETF surpassed $11 billion in assets after daily inflows of $461 million, outpacing Bitcoin ETFs.
Analysts Forecast Major Upside—But Caution Remains
Technical analysts are now projecting ambitious targets, ranging from $6,000 up to $20,000 for ETH, based on fractal patterns and momentum structures.
However, Ethereum co-founder Vitalik Buterin sounded a note of caution—warning companies should avoid overleveraging, or risk destabilizing the network.
Final Thoughts
Ethereum’s surge is no accident. It’s being actively driven by a blockbuster—nearly $1 billion—of cumulative ETH buying from a single institutional entity, joined by broader corporate and ETF inflows. With Ethereum’s market cap overtaking Mastercard and technical setups pointing to further upside, the current momentum is formidable. Still, prudent risk controls and awareness of market cycles remain essential amid such brisk accumulation.
Frequently Asked Questions
Who is the “mysterious institution” buying all this Ethereum?
The buyer remains unidentified. They are using six wallets and sourcing ETH from major liquidity providers like Galaxy Digital, FalconX, and BitGo.
Why is Ethereum’s market cap now higher than Mastercard’s?
Massive institutional and corporate acquisitions, combined with ETF flows and price appreciation, have driven Ethereum’s valuation above Mastercard’s.
Could ETH really hit $20,000?
Analysts believe there is technical potential. Still, price projections depend on sustained demand, macro factors, and prudent leverage—risks that even insiders caution about.
