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Ethereum Price Surges 26% to $2.5K Amid Whale Sell-Off and Staking Demand

Guavy AI Editorial Team Published August 23, 2026

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ETH

Ethereum's price surged by 26% this week, reaching $2.5K after a significant drop in whale holdings.

According to Santiment, Ethereum's largest whale wallets holding over 1,000 ETH trimmed their exposure by 2.9% since May, selling off 1.7M coins.

This selling pressure was offset by staking and ETF demand, with staked ETH increasing from 39M to a record 42.3M coins, or a 35% staking ratio.

The Spot Ethereum ETF complex has become a net buyer since July, hauling in record inflows of over 34K ETH this week alone.

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