$ETH Ethereum whales have been making significant moves, accumulating over $47 million worth of ETH in just a few hours. This strategic accumulation coincides with a period of market uncertainty, suggesting that whales are anticipating a significant price appreciation in the coming weeks.¹
*Recent Whale Activity:*
- A whale wallet, "0x97BD," withdrew 10,000 ETH (worth $31.91 million) from Bitget exchange, increasing its total holdings to 34,188 ETH (worth $108.8 million).
- Another whale accumulated 49,533 ETH in 24 hours, worth $212 million, bringing its total stash to nearly $947 million.
- A whale known as nemorino.eth acquired 2,014.87 ETH, spending 6 million USDC, with an average purchase price of $2,977.85 per ETH.² ³ ⁴
*Market Impact:*
- Ethereum's price has seen a slight increase, currently trading at $3040.87, with a 0.24% change.
- The cryptocurrency's market cap stands at $364.95 billion.⁵
*Analysis:*
- Whales are leveraging stablecoins for hedging, liquidity management, and leveraged positions, indicating a growing preference for stablecoin exposure.#BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #WriteToEarnUpgrade
