Ethereum $ETH Whales Buy the Dip, Accumulate $236M in 72 Hours

Ethereum whales have aggressively accumulated over 120,000 ETH—worth approximately $236 million—in just 72 hours, according to on-chain data. Despite Ethereum's recent dip below $2,000, large holders continue to buy. One whale notably withdrew 4,511 ETH from OKX, deposited it into Aave, borrowed $5 million USDT, and used the funds to buy an additional 2,563 ETH. Analysts suggest this behavior signals confidence in Ethereum's long-term potential, even amid a 27% monthly pullback.

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