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

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$ETH