This week, major holders of Ethereum replenished their crypto wallets with a record 449,000 ETH. This is the highest figure since 2018.
Additionally, this indicates the optimism of 'whales' regarding the future of the leading altcoin, even though many of them still remain at a loss after the asset's price drop.
The number of active addresses on the Ethereum blockchain increased by 10%, indicating a rise in trader engagement. However, activity in the DeFi sector still remains low, and DEX volumes are decreasing.