Whales from major institutions are flooding into Ethereum, and performance remains strong.
Recently, ETH whales have shown a significant trend of accumulation, which has attracted widespread attention in the market. Here are some related specifics:
August 3 Whale Accumulation: According to CoinWorld, a whale named nemorino.eth accumulated 4,520 ETH at an average price of $1,576 within 17 hours, currently making a floating profit of $40,000.
August 1 Swing Whale Buy: According to Golden Finance, a swing whale that has accumulated a profit of $73.96 million in ETH trading started to reaccumulate ETH. This address transferred 173 million USDT to Wintermute in the past 4 hours, and then received 20,000 ETH, worth approximately $74.06 million.
August 4 Two Whales Spent $16.7 Million on Accumulation: According to CoinWorld monitoring, in the past 12 hours, two whale addresses have cumulatively accumulated 7,591 Ethereum, with a total value exceeding $16.7 million. Among them, the address redbase.eth purchased 6,100 ETH at an average price of $2,200, worth about $13.42 million; another address 0x42a...C42f8 withdrew 1,491 ETH from Binance nine hours ago, worth about $3.29 million, and this address has accumulated a total of 4,505 ETH over the past 5 days.
The accumulation of ETH by whales may be because they are optimistic about Ethereum's long-term development potential. As the second-largest cryptocurrency, Ethereum has a strong technical foundation and widespread application scenarios, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and other fields that rely on Ethereum's support. In addition, it may also be based on the current macro environment and trend judgments in the market, believing that there is room for Ethereum's price to rise in the future, thus making strategic accumulations.
