Ethereum Whales Are Accumulating Again 🐋

Addresses holding 10,000+ $ETH have increased their holdings by 9.3% since October 2024, according to Glassnode. That’s a jump from 37.56M $ETH to 41.06M $ETH — a strong signal of renewed whale confidence.

This surge in accumulation could reflect growing long-term belief in Ethereum’s potential. With ETH spot ETFs on the horizon, continued Layer 2 innovation, and rising restaking activity, whales appear to be positioning ahead of what many expect to be a major growth phase.

If this trend continues while demand rises, Ethereum could be headed for a supply squeeze — setting the stage for possible price momentum.

The big players are already moving in

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