Ethereum Whales: Accumulation Trend Dump The term 'Ethereum whales' refers to entities that hold a large amount of ETH. These are not just ordinary investors. They are often institutions, large individual investors, or even early adopters with deep insights and substantial capital. Their movements can indicate strong conviction and often precede significant price shifts. What is truly remarkable is the scale of their recent accumulation. Since October 2024, these powerful players have collectively added 9.31% to their holdings. This is not just a minor increase. It represents a significant rise in their overall share, pushing their total holdings to over 41 million ETH. To put this in perspective, this level of accumulation is the strongest since 2020 - a period that preceded some of the most explosive growth phases in Ethereum. This aggressive accumulation by the whales indicates strong belief in Ethereum's long-term value and an expectation of rising prices in the future. It is a classic supply-side pressure in the making, where increasing demand from large holders meets constrained supply, often leading to upward price pressure.
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