Ethereum Whales Don Dey Accumulate 681K ETH, Inactive Whale Buy $129M
Since July 1, Ethereum whales and institutions don collect over 681,100 ETH (≈$2.57 billion), show say institutional investment for ETH dey rise before possible network upgrades and ETF approvals. On-chain analytics from LookOnChain show say one whale wey bin dey quiet don turn up again to buy 34,033 ETH (≈$129 million) through FalconX, show strong confidence. These big ETH buys don chop market liquidity and fit affect price movement. Traders suppose dey watch whale wallets and on-chain metrics with tools like LookOnChain and Whale Alert. Even though whale buys dey often boost bullish sentiment, volatility risks mean say correct research and risk management necessary.
Bullish
Plenti big ETH buy dem by many whales and institutions since July, including one wey don sleep before wey buy $129 million, show say institutions strong for the matter and dey reduce market liquidity, wey dey usually make price go up short term. Dem still dey gather more before network upgrade and possible ETF approval, wey go make long-term sentiment for ETH better. Traders fit expect more wahala for price but overall better momentum for ETH.