Over 1,035,000 ETH Accumulated by Multiple Unknown Whales via Exchanges or Institutional Platforms in the Past Month
According to a report by Jinse Finance, on-chain analyst Yujin has observed that over the past month since July 10, more than 1.035 million ETH (worth $4.167 billion) have been accumulated by several unknown whales or institutions through exchanges or institutional business platforms. During this period, the price of ETH has risen from $2,600 to $4,000, an increase of 45%. Most of the ETH accumulated at these addresses is likely held by institutions or US-listed companies using ETH as reserves (excluding SBET, as the SBET address is already known). The average price of the ETH accumulated is approximately $3,546.
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