My crypto folks, get comfortable because I bring you the hot gossip of the day! 🔥 It turns out that those with the fattest wallets in the crypto world, the famous "whales" of Ethereum (ETH), have been shopping like there’s no tomorrow! 🛍️🐳
According to a super interesting report from Santiment, a firm that spends its time spying on movements in the blockchain, these whales (i.e., those who have more than 1,000 ETH stashed) have bulked up with 1.5 million Ethereum in the last 30 days. That’s an outrageous amount of money, about $3.780 billion at today’s price, June 15! 🤑 And keep in mind, with this purchase, they now control almost 27% of all the ETH out there! What a thing!
Santiment analysts are saying that this movement from the whales is a clear sign: the big investors are betting long-term on Ethereum. It’s like they are saying: "This ETH is going up, so let’s buy now that it’s at a price we like." 🚀
But here comes the curious part: while the sharks are accumulating, the small investors (us, the regular folks) have been selling their ETH to secure profits! It’s like some are thinking about the distant future while others are cashing in right now. Everyone with their own strategy! 🤔
Despite all this movement, the price of ETH has remained steady, hovering around $2,520 at the time of this note. That is, even though some are selling and others are buying in large amounts, the price is holding strong. 💪
And to make them realize the frenzy around ETH, let me tell you that there is an "institutional fever" for this crypto. Important companies are taking out loans to buy ETH in large amounts, without using their normal profits! It’s a strategy similar to what the famous Michael Saylor uses with Bitcoin, but now they are applying it to Ethereum. They are going into debt to stock up on ETH! 🤯
Moreover, the spot ETFs for ETH have been breaking records. They had 19 consecutive days of net capital inflows, which means a ton of money pouring into these funds! The streak was broken on Friday, June 13, with a small outflow of $2.18 million, but since then, the ETH ETFs have already accumulated $3.850 billion in inflows! That’s a lot! 💰
And why is this ETF thing important? Because when people buy shares of these funds, the companies managing them have to buy real ETH to back those shares. And that, my friends, is the law of supply and demand: if there is more demand for ETH, the price tends to go up! 📈
So, while the whales continue to bulk up their portfolios and the ETFs attract cash, it seems that the future of Ethereum remains a very interesting topic of conversation. Will this accumulation by the big players bring us surprises? Let’s keep track of the whale! 🐋$ETH
