Ethereum Whales Accumulate Over $236 Million in ETH Amid Price Decline
Some traders are concerned about the decline in Ethereum (ETH) prices, while large investors, or whales, view this as an opportunity to increase their holdings.
ETH Trading Below $2,000
- Ethereum's price is currently at $1,988.
- The market cap of ETH is nearly $240 billion.
- ETH has experienced a steady decline from $3,640 on January 6.
- Significant dips occurred, with the price falling below $2,000 for the first time on March 11.
Whales bought over 120,000 #Ethereum $ETH in the last 72 hours!
An Opportunity In The Dip?
- Whales seized the chance to buy more ETH during its price decline.
- Over 120,000 ETH tokens were acquired for approximately $236 million within three days.
- Large purchases often indicate confidence in the market.
A whale purchased 7,074 ETH worth nearly $14 million and transferred funds to Aave before buying additional ETH.