An unidentified entity aggressively accumulated ether in last week – buying 221,166 ETH, because the assets rallied by 21% on the same period.
In the past 24 hours only, “the mysterious institution” bought $ 212 million in ether (ETH), according to the Lookonchain data analysis platform.
The whale tracker said that the entity uses six different portfolios to store its ether, which it has acquired from Galaxy Digital, Falconx and Bitgo. The portfolio with the most ether has $ 181 million, while the portfolio with the least ether has yet $ 128 million.
The purchase comes as the ether sent with more than 10,000 ETH in Holdings reached 868,886 on Saturday, the highest in one year, according to Glassnode.
Ethereum market capitalization exceeds Mastercard
It also occurs while the market capitalization of Ethereum climbed $ 523 billion on Monday, increased by a rally of 21% in ether in the last 7 days to cross the milestone of $ 4,000. It is currently negotiated at $ 4,332.
Ether’s market capitalization also exceeds the Mastercard payments giant, which currently has a market capitalization of $ 519 billion, according to CompanymarketCap.
More than 304,000 ETH, worth more than $ 1.3 billion, were added by listed companies that have treasury bills in last week, Coigecko reported on Saturday.
Bitmin Immersion Technologies bought the share of the Lion of ETH, because the company bought more than 208,000 ETH, worth more than $ 900 million last week, followed by SharpLink Gaming buying $ 303 million in ether.
Analysts have optimistic about the action of ethn prices
Technical analysts have also become optimistic about ether, some predicting that the assets could reach up to $ 20,000 for the first time in the coming months.
Analyst Nilesh Verma said that ETH could cross the milestone of $ 20,000 in the next six to eight months on the basis of the fractals of historic prizes.
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Meanwhile, Merlijn The Trader, a popular technical analyst, predicted that the assets could exceed $ 20,000 and could even go beyond this brand.
On the other hand, some industry experts warn investors.
In particular, the co-founder of Ethereum, Vitalik Buterin, supported companies that buy ether to hold in their respective treasury vouchers; However, Buterin warned that he should not transform into a “overexist game”, which could lead to the fall of the assets.
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