Over 1.035 Million ETH Accumulated by Whale and Institutional Addresses in the Past Month
BlockBeats News, August 9 — According to on-chain data analyst Yujin, more than 1.035 million ETH (worth approximately $4.167 billion) have been accumulated by several unknown whales or institutions through exchanges and institutional platforms within a month since July 10.
During the same period, the price of ETH rose 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 holding ETH reserves (excluding SBET, as the SBET addresses are known). The average price of the ETH accumulated is around $3,546.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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