Ether whale, according to Onchen analysts, continued to buy cryptocurrency in the draw, as the ETH is cured by a weekend dip.
Blockchain analytics firm Arkham Intelligence said on Sunday, “A person is buying a ton of ETH, in which a address has deposited Ether (ETH) worth $ 300 million from over-the-counter (OTC) trading in Galaxy Digital.
whale Address Currently there is 79,461 ETH, priced at $ 282.5 million.
Blackrock is also loading on Eth, the firm’s Ishares Ethereum Trust ETF has a flow of $ 1.7 billion in the last 10 consecutive trade days.
Ether of ether in exchange-traded funds has become vertical in the last one month, has increased by more than 40% in the last 30 days, According To tibba to analytics.
Ath Mega Whale Loading
According to Glasinod, the Ether “Mega Whale” address count has also increased in the last 30 days.
The mega whale Kohort is defined by the addresses having more than 10,000 ETHs, with more than 200 pairs since the beginning of July.
The counting of these whale address includes exchanges, large patrons and exchanges-traded products, which have accumulated aggressively.
Ath is already recovering
Ether prices cooled over the weekend with a dip below $ 3,400, but showed signs of recovery on Monday by recovering $ 3,560.
Connected: Etharium ‘Mega Whale’ is harder than the pre-95% rally in 2022
“Labor market’s cooling tendency initially teased investors, the increasing possibility of monetary ease may soon reversed the sell-off, offering a rapid tailwind as liquidity expectations to Crypto,” Monica Moolodzianosuska, director of the strategic partnership at the Coinwas Exchange, described the coinyligraf.
Ether recession in August
Similar to bitcoins, which have a slowdown in eight of the last 12 months of August, Ether has seen losses in August in the last three years.
This property fell by double digits in August 2023 and 2024, but during August 2021 increased by 35.6%, which was the year of a bull market, According To coinglass.
Over the weekend, Eric Trump, son of US President Donald Trump, asked his X followers to buy eith dip.
Meanwhile, CNBC Labeled In an article on Saturday, the Atherium “invisible backbone of Wall Street”.
magazine: China makes fun of US Crypto policies, Telegram’s new dark markets: Asia Express
