PANews August 9 news, according to on-chain analyst Yu Jin's monitoring, over 1.035 million ETH (4.167 billion USD) have been accumulated by multiple unknown whales/institutions through exchanges or institutional business platforms since July 10 for a month. The price of ETH also rose during this month, from 2,600 USD to 4,000 USD, an increase of 45%.
Most of the ETH accumulated by these addresses should belong to institutions or U.S. companies that are doing ETH reserves (excluding SBET, whose address is known), with an average price of approximately 3,546 USD for the accumulated ETH.
