🔥🔥🔥 When everyone is scared, what are the whales doing with $ETH ?🚀🚀🚀
While many remain skeptical and concerned about "chasing the peak" of ETH, fearing someone might "dump on them", on-chain data and recent news reveal a different truth: large funds and institutional investors are quietly accumulating.
For example, just in the past month:
• Abraxas Capital (Heka Funds) has bought nearly 270,000 ETH from exchanges like Binance, Kraken, and moved it into DeFi (Aave, Ether.fi, Compound) for staking.
• BlackRock – the largest asset management fund in the world – has also quietly purchased up to 50 million USD in ETH through Coinbase Prime.
• ConsenSys (the company of Joe Lubin, co-founder of Ethereum) has just acquired over 108,000 ETH (~320 million USD) from Galaxy Digital, then also staked it.
• BTCS Inc. has increased its holdings by an additional 3,450 ETH from self-raised capital.
Additionally, ETH "whales" in general have net bought about 1 million ETH in May, with large volumes withdrawn directly from exchanges and pushed into private wallets or staking.
While the crowd remains doubtful and anxious, this may be the opportunity for the "whales" and large funds to quietly accumulate ETH, preparing for significant fluctuations ahead.
————————————————————— #Nhatkydautu #toilamothodler #eth