TechFlow, Nov. 12 — According to Lookonchain monitoring, despite the market downturn, whales and institutions continue accumulating ETH.
A new wallet 0x392a withdrew 10,050 ETH from Kraken, worth $34.38 million.
A new wallet 0xa235, likely belonging to Bitmine, purchased 24,007 ETH worth $82.13 million via Galaxy Digital OTC.
In addition, the whale who previously borrowed and shorted 66,000 ETH bought 163,680 ETH worth $582 million over the past two days. The three wallets collectively accumulated 197,737 ETH, totaling approximately $698 million.
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