TechFlow news, on July 26, according to on-chain data analyst EJ's monitoring, since July 10, multiple newly created wallets have been accumulating large amounts of ETH through channels such as Kraken, FalconX, Galaxy Digital, and Binance.
These nine wallets have accumulated up to 614,000 ETH worth over $2.1 billion in the past half month, and accumulation by some addresses is still ongoing.
These whales/institutions, together with ETH spot ETFs and known companies holding ETH reserves, have driven ETH from $2,700 to $3,700 in the last half month.
Add to Favorites
Share to Social Media
