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- Ethereum jumps past Mastercard’s value as whale wallets and institutions scoop billions in Ether.
- Analysts split on sustainability, with some eyeing $20,000 and others warning of profit-taking traps.
Ethereum’s market capitalization climbed to $523 billion on Monday, overtaking Mastercard’s $519 billion valuation after a week-long accumulation by an unidentified buyer. Ether’s price has jumped 21% in the same period to trade at $4,300.69.
Data from Lookonchain shows the unidentified entity purchased 221,166 ETH in seven days, with $212 million bought within 24 hours. Six wallets hold the stash, each receiving coins through Galaxy Digital, FalconX, and BitGo.
The largest of these wallets contains $181 million worth of Ether, while the smallest still holds $128 million. Glassnode data shows wallets holding more than 10,000 ETH reached 868,886 on Saturday, the highest in a year.
This mysterious institution accumulated another 49,533 $ETH($212M) today.
Over the past week, they have accumulated 221,166 $ETH($946.6M) from #FalconX, #GalaxyDigital, and #BitGo.https://t.co/k99BomKVq5 pic.twitter.com/u3j2LJ9M1H
— Lookonchain (@lookonchain) August 11, 2025
Institutions Increase Ethereum Holdings
Publicly traded entities increased their Ether treasuries by more than 304,000 ETH during the last week, valued at over $1.3 billion, CoinGeck noted. BitMine Immersion Technologies led the purchases with more than 208,000 ETH worth over $900 million.
SharpLink Gaming subsequently purchased $303 million of Ethers.
Analyst Ali said Ethereum’s net capital inflows have surpassed Bitcoin for the first time in the current cycle, indicating more robust capital allocation into top altcoins. He added,
Ethereum $ETH net capital change has just surpassed Bitcoin $BTC. This is the clearest signal yet that altcoin season is officially here.
Analysts Predict ETH Run Toward $8K and Beyond
Technical analyst Lord Hawkins noted that Ether’s breakout over the $4,200 resistance area indicates buyer strength. He referred to it as a “Sign of Strength” according to Wyckoff theory and indicated a possible short-term correction before a markup movement towards $6,000.
Analysts Crypto Rover and Crypto Titan pointed out Ethereum’s breakout from a multi-year symmetrical triangle formation and forecasted a price of $8,000. These analysts noted that a comparable 2020 breakout propelled the price of ETH from below $200 to over $4,000 in one year.
Nilesh Verma likened the recent recovery from $1,750–$1,850 to the 2017 and 2020 rallies that produced massive annual gains. He proposed that ETH might hit $20,000 in six to eight months if past trends hold.
Not everyone believes the surge is sustainable. Samson Mow of JAN3 cautioned big holders might be fueling the rally for near-term profit-taking. He alleged early Ethereum insiders and ICO investors may be shifting Bitcoin into ETH to prop up prices.
According to Mow, these traders could sell at the top of prices and re-enter into Bitcoin, raising concerns over the rally’s organic strength. His remarks suggest traders should watch for potential profit-taking by large investors. He noted,
No one wants ETH in the long run. Plan accordingly.
