An anonymous Ethereum whale has added 35,237 ETH, equivalent to about 155 million USD, raising the total ETH holdings to 328,421 ETH across 10 different wallets.
The new investment matched from Onchain Lens shows that the funds come from reputable partners like FalconX, Galaxy Digital, and BitGo, demonstrating credibility and diversity in the whale's financial structure.
MAIN CONTENT
The mysterious Ethereum whale holds a total of 328,421 ETH.
Has added an additional 35,237 ETH worth approximately 155 million USD.
The funding comes from reputable institutions such as FalconX, Galaxy Digital, and BitGo.
How has an Ethereum whale increased its ETH holdings?
According to aggregated data from Onchain Lens on August 12, an unidentified whale or institution added 35,237 ETH to its existing balance. This new ETH is worth approximately 155 million USD, bringing the total holdings to 328,421 ETH across 10 different allocated wallets.
This increase in ETH holdings indicates strong interest and confidence in the long-term growth potential of Ethereum at this time. The distribution of ETH across multiple wallets also reflects risk management and security strategies.
Where does this whale's capital come from and what does this mean?
Identified financial sources for this whale include well-known entities such as FalconX, Galaxy Digital, and BitGo. These are all major organizations in the cryptocurrency field, providing reputable custody and financing services.
Receiving capital from these partners not only shows diversification of supply but also enhances the reliability regarding the transparency and sustainability of investment activities. Relationships with top organizations help solidify the whale's position in the Ethereum market.
The accumulation of tens of thousands of ETH by whales and large institutions is a clear sign of a positive long-term trend for Ethereum.
Alex Xu, Director of Blockchain Investment Strategy, 2023
Examples of the impact of Ethereum whales on the market
The large amount of ETH held by whales can affect liquidity and price volatility in the market. Large buy or sell transactions often create waves on the price chart, significantly impacting investor sentiment.
Historical data shows that ETH accumulation by whales often coincides with bull market phases, as large investors prepare for sustainable growth trends or adopt long-term HODL strategies.
Frequently asked questions
What is an Ethereum whale?
Ethereum whales are wallets or institutions that hold large amounts of ETH, which can significantly impact the cryptocurrency market.
Why is the increase in ETH holdings by whales important?
This is a sign of confidence in Ethereum and could positively impact the price of ETH in the market.
How to know where the capital comes from?
Onchain data and reputable partners like FalconX, Galaxy Digital, and BitGo often indicate a flexible and transparent supply of liquidity.
What does it mean for whales to allocate ETH across multiple wallets?
Allocation helps mitigate security risks and maintain flexibility when trading or managing assets.
How can whales impact price volatility?
Large-volume transactions from whales can create upward or downward price momentum due to rapid changes in market liquidity.
Source: https://tintucbitcoin.com/ca-voi-ethereum-an-danh-mua-them-eth/
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