Ethereum Whales Don Dey Gather $2.89B Buy 790K ETH
On-chain data show say Ethereum whales don gather 790,000 ETH (US$2.89 billion) since July 10, at average price of $3,510 per ETH. Notable transactions include addresses wey withdraw 44,983 ETH from FalconX at $3,805 and acquire 62,966 ETH via Galaxy Digital at $3,820. This steady whale accumulation dey show strong institutional confidence for Ethereum’s DeFi/NFT ecosystem, EIP-1559 deflationary burn, attractive staking yields under Proof-of-Stake and potential spot ETH ETF inflows. Key metrics—exchange netflow, active addresses, whale holdings and staking ratio—indicate reduced circulating supply and bullish momentum. Traders suppose dey monitor Ethereum whales’ flows, consider dollar-cost averaging and use on-chain analytics to predict market movements.
Bullish
Plenty accumulation by Ethereum whales dey reduce di circulating supply and e show say plenty institutional confidence dey. Di key on-chain metrics—exchange netflow, active addresses, whale holdings, staking ratio—dem dey show bullish momentum. Historically, when big whales dey buy plenty, e dey often foreshadow price dey go up. For short-term, dis fit tighten supply and push price higher. For long-term, continuous institutional inflows and staking rewards dey support Ethereum fundamental value.