Whales and New Wallets Spark 466,253 ETH Accumulation
Lookonchain on-chain analytics show sey since July 19, seven newly active wallet dem plus key whale address don push ETH accumulation totalling 466,253 ETH (≈¥1.7bn). Major inflow come through prime brokerage FalconX — led by address 0x8eEa wey acquire 138,345 ETH — plus big withdrawal from exchanges like Kraken and Galaxy Digital. Recently, two whale address add 43,591 ETH (~$145M), with 0x8eEa alone add 32,368 ETH (~$116M) make e total dey 138,345 ETH (~$503M). This steady ETH accumulation dey reduce exchange liquidity and e dey support bullish price sentiment ahead of Ethereum network upgrade, possible ETF approval and growth for DeFi and NFTs. Traders suppose dey track on-chain metrics, wallet flows plus use am with technical and fundamental analysis to find entry chance, while dem still dey maintain diversification and risk management.
Bullish
Big big ETH accumulation by both well known whales and new active wallets dey signal strong belief and e dey reduce exchange liquidity, e don always support price to later go up. For short term, continuing outflows fit trigger better momentum as supply dey tight. For long term, sustained whale interest before network upgrades and possible ETF approvals dey show confidence in Ethereum fundamentals, e go make market outlook dey positive.