Summary: World’s largest corporate ETH treasury just grew by 700% in 16 days!

Ethereum's Institutional Tsunami: Whales Pile In, But Is The Price Listening? A monumental shift is underway in the Ethereum landscape, signaling a potential new era of institutional dominance. BitMine Immersion Technologies (BNMR) has rapidly emerged as the largest corporate holder of Ethereum, amassing a staggering $2.1 billion in ETH. In an incredible feat, the firm's Ethereum treasury surged over 700% in just 16 days following a $250 million raise. Not stopping there, BitMine aims to eventually control a massive 5% of Ethereum's total supply, underscoring its long-term strategic commitment. This aggressive accumulation isn't isolated; several newly funded "fresh wallets" have mirrored BitMine's moves, collectively adding nearly $2 billion in ETH. These coordinated acquisitions, lacking prior transaction history, strongly suggest a broader influx of institutional or high-net-worth players preparing for concentrated ETH ownership. However, despite this unprecedented surge in whale and institutional demand, Ethereum’s price is showing puzzling signs of cooling off. ETH has experienced a recent pullback, with an overbought Relative Strength Index (RSI) and declining trading volumes hinting at potential buyer fatigue. This poses a fascinating paradox: can massive institutional interest reignite momentum, or is Ethereum entering a consolidation phase, defying the whales' bullish moves?