Editor's PiCK
"Whales Accumulate 1.1 Million Ethereum (ETH) Over the Past 48 Hours"
Minseung Kang
Summary
- Whale investors have accumulated 1.1 million Ethereum (ETH) over the past 48 hours.
- ETH price is trading at $2,132, down 2.28% from the previous day due to market disappointment.
- The U.S. government's announcement about Bitcoin strategic reserves and the Digital Asset Summit's failure to meet expectations have impacted the market.
Whale investors have been found to have accumulated a large amount of Ethereum (ETH) over the past 48 hours.
According to Santiment, a virtual asset (cryptocurrency) data analytics firm on the 8th, whales reportedly accumulated 1.1 million Ethereum over the past 48 hours.
The ETH price is trading at $2,132 as of 5:30 PM, down 2.28% from the previous day, based on the Binance USDT market.
Previously, the U.S. government announced that it would pursue strategic reserves of Bitcoin but would not purchase virtual assets with taxes, disappointing the market. The Digital Asset Summit also failed to meet market expectations again, causing prices to turn downward.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
