$ETH Ethereum whales accumulate 1.10 million ETH

The recent buyback of 1.10 million ETH by whale investors highlights a significant shift in Ethereum's market dynamics. This purchase accounts for nearly 0.92% of Ethereum's current circulating supply of approximately 120 million ETH, demonstrating a clear commitment from major players despite the ongoing price struggles of the asset.

The behavior of these whales raises questions about their long-term outlook on the potential market developments ahead. Such strategic accumulation aligns with previous trends, where institutional and high-net-worth individuals often anticipate market shifts.