Big players are loading up on Ethereum š
Ethereum just blasted past $4,886 with a huge 14% daily jump, setting new all-time highs and showing strong market momentum. While Bitcoin is taking a breather, Ethereum is stealing the show as institutions and whales keep stacking up.
š Institutional moves
Tom Leeās Bitmine grabbed $45M worth of ETH, adding to long-term holdings.
Arkham data shows Bitmine now owns 1.518M ETH (around $7B) ā about 1.3% of the entire supply.
SharpLink Gaming is sitting on 729K ETH ($3.2B), making it the second-biggest treasury stash.
š„ Why it matters
Institutions holding tight are reducing available supply, fueling bullish pressure.
Ethereum is solidifying its role as the backbone of DeFi and smart contracts.
Cracking past the 2021 highs signals the start of a new phase of price discovery.
With demand rising and big wallets locking up supply, ETH looks set for more growth and fresh highs ahead. Bulls see this as just the beginning.