According to on-chain data shared by Lookonchain, a company named SharpLink Gaming recently added 188,478 ETH (worth approximately $473.6 million) to its portfolio at an average price of $2,513. Shortly after this massive transaction, the firm acquired another 1,989 ETH via an over-the-counter (OTC) deal, valued at $4.82 million. 

Whales and institutions are still buying $ETH!

SharpLink Gaming, which previously announced a purchase of 188,478 $ETH($473.6M) at $2,513, bought another 1,989 $ETH($4.82M) via OTC 5 hours ago.

Meanwhile, whale 0x1fc7, who bought and staked 3,201 $ETH($8.1M) a week ago, bought… pic.twitter.com/nwzSsFyRfA

— Lookonchain (@lookonchain) June 28, 2025

Ethereum Whales Drive Market with Staking Activity 

Meanwhile, an Ethereum whale identified by the address “0x1fc7” continued its aggressive buying trend. The whale acquired 3,201 ETH last week and staked the entire amount. Now, the same wallet has staked an additional 1,888 ETH, worth around $4.56 million. 

At the time of writing, ETH was trading at $2,428. After moving within a tight range over the past four days, these high-volume purchases may indicate growing institutional demand and a potential bullish trend. According to Sentora (formerly IntoTheBlock), demand for DeFi and smart contract usage on the Ethereum network has surged significantly. As a result, Ethereum’s network fees increased by 130.4%. These fees represent the total amount users pay to perform transactions on the blockchain. 

Ethereum Staking Surpasses 35 Million ETH 

Additionally, Ethereum’s net flow to centralized exchanges turned negative, hitting -$293 million. This reflects ongoing buying pressure and cautious withdrawal strategies due to market volatility. 

Ethereum also passed a critical psychological milestone. Over 35 million ETH is now locked in staking contracts, representing 28.3% of the total supply. This equates to approximately $84 billion in value, marking the highest staking volume ever recorded. 

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The post Whales Buy 3,877 ETH as Staking Surpasses 35M ETH appeared first on Coin Engineer.

Ethereum Staking Surges To Record Levels

After reclaiming the $2,700 mark—a level not seen in nearly two weeks—Ethereum has hit another major milestone: a record amount of ETH locked in staking.

According to Beacon Chain, the total amount of Ethereum staked reached 34.65 million ETH, surpassing the previous record set in November 2024. The number had remained relatively stable above 33 million for the past year but began to rise again in June, signaling renewed confidence from long-term holders.

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This trend indicates that more investors prefer staking rewards over potential short-term gains, opting to hold their Ethereum rather than sell at current prices.

Nearly 30% Of Circulating Supply Staked

Both Dune Analytics and Ultrasound.Money confirm that the total staked Ethereum has climbed to around 34.8 million ETH, representing roughly 28.7% of the current 120.8 million ETH circulating supply.

This record coincides with growing anticipation around the potential approval of spot Ethereum ETF staking in the U.S. REX Shares recently submitted a proposal that employs regulatory workarounds, suggesting we might see ETF-based staked ETH products launched in the coming weeks.

Institutional Demand And Price Movement Align

Institutional activity is also ramping up. BlackRock’s iShares Ethereum ETF (ETHA) has logged 23 consecutive trading days without a single outflow, reflecting bullish sentiment in anticipation of regulatory clarity.

The price of Ethereum surged more than 8% on Tuesday, touching $2,700 for the first time since May 29. This level has acted as a resistance point four times in the past month, so a breakout here could signal the beginning of a new upward trend.

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The post Ethereum Hits $2.7K As Staking Reaches All-Time High appeared first on Coin Engineer.