NewsSOS

Whale Wallets Snap Up 1.11M ETH as Ethereum Approaches $1,700

5/28/2026

On-chain data cited by Pluang shows large-wallet addresses accumulated 1.11 million ETH as Ethereum's price pushed toward the $1,700 level.

Pluang attributed part of the move to optimism surrounding a potential U.S.-Iran peace deal.

What the Accumulation Data Shows The headline figure — 1.11 million ETH absorbed by whale wallets — points to concentrated buying rather than broad retail participation.

Large-wallet accumulation of that scale can reflect either conviction positioning or strategic rebalancing ahead of an anticipated price move, though the data alone does not distinguish between the two.