An Ethereum whale has continued to increase its ETH holdings by over 49,500 ETH, raising the total ownership to over 220,000 ETH.
This accumulation is equivalent to nearly 941 million USD, spread across six different wallets, indicating a strong accumulation trend in recent times.
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Ethereum whales bought an additional 49,533 ETH, equivalent to over 210 million USD.
The total amount of ETH held by whales currently stands at 221,166 ETH, valued at nearly 941 million USD.
How much ETH has a whale purchased recently?
On August 11, according to observations from Onchain Lens, a whale or organization purchased an additional 49,533 ETH from sources Galaxy Digital and FalconX.
This amount of ETH is valued at approximately 210.68 million USD at the time of purchase. This activity was conducted to strengthen the whale's holding position in the cryptocurrency market, reflecting confidence in Ethereum's potential.
"This large-scale ETH accumulation shows a trend of reinforcing confidence in ETH despite market volatility."
Onchain Lens analyst, 11/8/2024
Currently, how much ETH are whales holding?
Currently, this whale holds a total of 221,166 ETH, spread across six separate wallets to diversify and mitigate risk.
This holding value is equivalent to 940.73 million USD, reflecting a large investment scale and a sustainable accumulation strategy in the long term.
What does the trend of whale accumulation of ETH indicate about the market?
Previously, within four days, this same whale accumulated over 170,000 ETH, valued at approximately 670 million USD, indicating a heightened interest in ETH.
The continuous accumulation of large amounts of ETH in a short period reflects the trend of whales believing in the potential for price increases and the application of Ethereum in the future, despite short-term volatility.
Are there any examples showing the scale of ETH accumulation by whales in recent times?
With a total of 221,166 ETH equivalent to nearly 941 million USD, this whale has become one of the largest holders in the Ethereum market, significantly affecting supply and liquidity.
Such large-scale ETH accumulation is also viewed by analysts as a positive signal regarding market sentiment, encouraging interest from both individual and institutional investors.
Frequently Asked Questions
What are Ethereum whales?
Ethereum whales are investors or organizations that hold a very large amount of ETH, significantly influencing price movements and market liquidity.
Why do whales accumulate so much ETH?
Whales often accumulate ETH to preserve value, for long-term investment, or to prepare for potential price increases.
How does whale accumulation of ETH affect the market?
Large-scale accumulation can create upward price pressure while reducing trading supply, increasing volatility.
How to identify Ethereum whale transactions?
Based on on-chain data and wallet monitoring tools, analysts can detect large recent transactions.
Is whale accumulation of ETH a good sign for investors?
Typically, whale accumulation indicates confidence in ETH, which could be a positive signal for long-term investors.
Source: https://tintucbitcoin.com/ca-voi-ethereum-giu-900-trieu-usd/
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