Ethereum Whale Don Gather 113,029 ETH Inside Six Days
On-chain data dey show say one big Ethereum whale don gather 113,029 ETH for six days. Di latest buy wey e do, na 32,855 ETH through FalconX, wey add $124 million to im holding. Di average buy price na $3,720 per ETH. Dis kin ETH gathering dey reduce open market liquidity and e dey usually signal say market go rise, wey fit trigger FOMO among retail investors. Di whale strategic buy show say institutional confidence dey grow for Ethereum role for DeFi, NFTs and Web3. Traders suppose dey watch on-chain whale activity and exchange outflows, dey manage risk and dey use technical analysis to navigate possible price swings.
Bullish
Big-big ETH wey one whale dey stack reduce di available supply and e dey usually show say price go high. Institution dem wey dey buy through FalconX dey show say dem get confidence for Ethereum future for DeFi, NFTs and Web3. Historical data show say when whale dem gather plenty, e fit tighten liquidity and make price rise. For short time, dis kain thing fit push price up and cause FOMO, while long-term institutional interest dey support steady growth. But traders suppose dey cautious, as concentrated holdings fit cause more volatility if di whale comot for im position.