New Whales Make Massive Ethereum Purchases in Past Week… Totaling $1.34 Billion
JOON HYOUNG LEE
Summary
- It was reported that new whales bought a total of $1.34 billion worth of Ethereum (ETH) over the past week.
- It was confirmed that 312,052 Ethereum were intensively purchased through 10 cryptocurrency wallets.
- The scale of new whale purchases this time exceeded the Ethereum spot ETF inflow recorded the previous day by more than $300 million.
It has been found that new whales (large investors) purchased Ethereum (ETH) worth $1.34 billion (approximately ₩1.9 trillion) over the past week.
Cointelegraph, citing on-chain analytics firm Lookonchain on the 12th (local time), reported, "New whales bought 312,052 Ethereum through 10 newly-created cryptocurrency wallets over the past 8 days."
Cointelegraph stated, "This Ethereum purchase is valued at $1.34 billion," and added, "It surpasses the inflow to the Ethereum spot ETF recorded on the previous day (the 11th) by over $300 million." Previously, the U.S. Ethereum Spot ETF reached an all-time daily net inflow of $1.01962 billion the day before.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
