Ethereum Whale Accumulation on the Rise
According to Glassnode, addresses holding 10,000+ ETH have increased their holdings by 9.3% since October 2024 — growing from 37.56M ETH to 41.06M ETH.
This sharp rise in accumulation by large holders signals:
* Renewed whale confidence
* Potential long-term positioning for Ethereum-based developments (e.g., ETFs, L2s, restaking)
* A possible supply squeeze if demand continues to rise