Ethereum Mega-Whales Pounce: $300 M Power Play Amid Weekend Dip. WHALES CONTINUE TO BUY DIPS. Strong sign that a rebound is Imminent, Inshaallah.
Bullet-Point:
$300 M Acquisition: A single “mega whale” address scooped up 79,461 ETH (~$282.5 M) via OTC trading at Galaxy Digital, per Arkham Intelligence (Cointelegraph).
ETF Inflows Surge: BlackRock’s iShares Ethereum Trust saw $1.7 B of inflows over ten straight trading days, driving on-chain ETF holdings up 40% in July (Dune Analytics)
Whale Count Climbs: Addresses holding over 10,000 ETH jumped by 200+ since July, signaling growing large-scale accumulation (Glassnode)
Price Recovery: After a dip below $3,400 on the weekend, ETH rebounded past $3,560, aided by “mega whale” buying and optimism around potential monetary easing
Historic Seasonality: August has been bearish for $ETH in 2 of the past 3 years, but 2021’s +35.6% gain offers hope if this rally persists
Celebrity Endorsement: Eric Trump urged his followers to “buy the dip” on X, and CNBC labeled Ethereum as “Wall Street’s invisible backbone,” underscoring mainstream buzz.
#MarketRebound #ETHCorporateReserves #BTC
Source: Cointelegraph, “Ethereum ‘mega whales’ continue buying amid weekend dip”
