Ether Whales Accumulate 5.54 Million Coins Amid Price Surge
Ether accumulation has increased significantly, particularly among whale investors and institutional treasuries. Key points include:
- Whales holding 1,000 to 100,000 ETH have acquired an additional 5.54 million coins in five months, raising their holdings by 14%.
- Recently, two new wallets withdrew $151 million worth of ETH from Binance to deposit in Aave, indicating long-term confidence.
- BitMine Immersion Tech purchased $65 million in ETH through Galaxy Digital, acquiring 14,665 ETH.
- Ethereum treasuries currently hold $15.83 billion of ETH, or 2.97% of the circulating supply.
- In August, Ethereum ETFs attracted $3.87 billion, while Bitcoin ETFs experienced $751 million in outflows.
- Over the past month, ETH increased by nearly 19%, contrasting with a 3.5% decline in Bitcoin.
- Market analysts highlight a division among whale groups; mega whales (10,000+ ETH) paused their buying while large whales (1,000–10,000 ETH) have resumed accumulating.
The current price of ETH stands at $4,366, still below its all-time high of $4,953. Market sentiment remains cautious regarding future price movements.