The ether whales continued to buy the cryptocurrency en masse, according to Onchain analysts, while ETH recovers from a drop in the weekend.
“Someone buys a ton of eth eth,” said the blockchain analysis company, Arkham Intelligence on Sunday, with an address accumulating $ 300 million ether (ETH) of over -the -counter negotiation (OTC) at Galaxy Digital.
The address of the whales currently holds 79,461 ETH, worth around 282.5 million dollars.
Blackrock has also loaded ETH, the company’s FNB ISHARES ETF of the company by seeing $ 1.7 billion in entries during the last 10 days of consecutive negotiation.
According to Dune Analytics, onchain’s assets in the funded funds have become vertical in the last month, increasing by more than 40% in the last 30 days, according to Dune Analytics.
Eth Mega Whales Loading
The number of “Mega Whale” addresses of the ether has also jumped in the last 30 days, according to Glassnode.
The mega cohort of whales is defined by addresses holding more than 10,000 ETH, with more than 200 added since early July.
These enumerations of whale addresses include those held by exchanges, large goalkeepers and negotiated products on the stock market, which have accumulated aggressively.
ETH is already recovering
The prices of the ether have cooled over the weekend with a drop below $ 3,400, but showed signs of recovery on Monday by recovering $ 3,560.
In relation: Ethereum “ Mega Whales ” accumulates more difficult than the rally before 95% in 2022
“While the cooling of the labor market initially frightened investors, the increased probability of monetary easing could soon reverse the sale, offering cryptography a bullish rear wind as the expectations of liquidity change,” said the director of strategic partnerships on the Coinw Bourse, Monika Mlodzianowska.
Lower ether in August
Similar to Bitcoin, which has been lowering in eight of the last 12 months of August, Ether has experienced losses in the past three years in August.
The asset fell two figures in August 2023 and 2024, but increased by 35.6% in August 2021, which was a year of the Haussier market, according to Coinglass.
During the weekend, Eric Trump, the son of US President Donald Trump, his followers said to buy the DIP ETH.
Meanwhile, CNBC labeled Ethereum “Invisible Backbone of Wall Street” in an article on Saturday.
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