Ethereum whales shift $380M worth of 150K $ETH in big moves as on-chain data shows record deposits amid 50% monthly price surge. 4o

Ethereum is experiencing a surge in accumulation by whale investors, according to recent on-chain data and transaction alerts.

Large transfers have been detected between exchanges and private wallets in the past 24 hours.

Ethereum Whales Move 150k Coins.

Recent Ethereum news shows a great deal of whale activity, with several large transactions moving around 150,000 ETH to various wallets and exchanges.

One of the largest transfers, according to WheelAlert, a top blockchain tracking firm, was 76,800 ETH for $195,308,712 from Binance to Binance Beacon Deposit. It could possibly be for staining.

Another significant transaction involved 40,930 coins worth $104,655,422 transferred from an unknown wallet to the custodial service Ceffu. Binance moved 32,496 ETH valued at $82,956,333 to an unknown wallet.

The three transfers total more than 150,000 ETH, worth more than $380 million. The transfers a huge whale activity, with ETH investors collecting 123,000 coins.

Wheel accumulation is touching new highs as the price rises.

Such large amounts of coin movement and other Ethereum news related to wheel activity indicate the strategic positioning of major holders.

Analyst Gordon picked up on this trend and said in a recent tweet that "whales are accumulating $ETH like never before".

According to CryptoQuant data, deposit addresses have reached historic levels of inflows.

The chart above depicts a vertical spike in accumulation that has surpassed all previous inflow events in ETH’s history since it began in 2017.

This growing accumulation is consistent with the altcoin’s incredible price action across all timeframes. ETH has gained 38.6% over the past week and 50.6% over the past month.

The weekly price range suggests that ETH has traded between $1,763.97 and $2,582.98.

Market analysis also raised the possibility of Ethereum price reaching $3,000 as more than 66 million $ETH are profitable.

The CryptoQuant chart illustrates the historical relationship between altcoin price (gray line) and arrivals to deposit addresses (purple bars).

While previous accumulation spikes have generally resulted in higher prices, the latest spike is notable for its size.

Smart money collects during bear markets and sells during bull markets. Still, the evidence here suggests that the whale is betting on further price increases despite the ETH already enjoying it.

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