Whale investors accumulate 116,893 Ethereum in bear market

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Son Min

Summary

  • It was reported that whale investors recently accumulated 116,893 ETH, worth about $265.3 million, during the recent price drop in Ethereum.
  • The amount of staked Ethereum on the Ethereum network reached an all-time high, accounting for 28.3% of the total supply.
  • The price of Ethereum on the Binance USDT market is trading at $2,255, down 0.72% from 24 hours ago.

Two days ago, it was revealed that whale investors made a massive accumulation of Ethereum (ETH).

On the 23rd (local time), Cointelegraph reported via X (formerly Twitter), "During the price drop that occurred on the 21st, whales accumulated 116,893 ETH," adding, "This amounts to approximately $265.3 million."

Meanwhile, the amount of Ethereum staked on the Ethereum network reached an all-time high the previous day. According to CryptoQuant data, the quantity of Ethereum currently staked accounts for 28.3% of the total Ethereum supply.

As of 4:46 PM, Ethereum is trading at $2,255 on Binance USDT market, down 0.72% compared to 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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