Summary
- Recently, Ethereum (ETH) whales initiated significant net buying for the first time since 2017, according to Glassnode.
- Over the past week, whales accumulated more than 800,000 ETH daily, and on the 12th, 871,000 ETH—the highest single-day amount of the year—was purchased.
- CryptoQuant also stated that the amount of Ethereum held in wallets with no prior sales and the total volume of staked Ethereum both reached all-time highs.
Analysis shows that large-scale accumulation by Ethereum (ETH) whales continues.
On the 17th (local time), Glassnode announced on X (formerly Twitter) that "over the past week, whales have accumulated more than 800,000 Ethereum each day," and added, "This is the first time such a significant net buying trend has appeared since 2017."
Currently, wallet addresses holding between 1,000 ETH and 10,000 ETH reportedly possess a total of more than 14,300,000 ETH. Additionally, "on the 12th (local time), as much as 871,000 ETH was purchased," marking "the largest single-day buying activity this year."
Previously, CryptoQuant also released an analysis on Ethereum's positive buying trend. According to a contributor from Onchain School at CryptoQuant, "the amount of Ethereum held by wallets with no sell history reached 22,800,000 ETH, achieving an all-time high," and "the total amount of staked Ethereum also surpassed 25,000,000, setting another record high."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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