๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅWhales and institutions have hoarded over 1.035 million ETH within a month!



On-chain data shows that from July 10 to now, in the past month, over 1.035 million ETH (worth approximately $4.167 billion) have been concentrated and hoarded by multiple unknown Whales and institutions through exchanges and institutional platforms.

During the same period, the price of ETH surged strongly, jumping from $2600 to over $4000, with a cumulative increase of 45%. It is noteworthy that the average cost of this batch of accumulated ETH is about $3546, most of which may come from institutions and U.S. companies laying out ETH reserves.

This large-scale accumulation behavior highlights institutions' optimism about the value of ETH, and also lays down variables for future market trends, making the subsequent movements worth closely monitoring ๐Ÿ”ฅ

๐ŸŒนFollow me for discussions on wealth opportunities and to explore new market trends together๐Ÿป

#Gate & WLFI USD1 ็งฏๅˆ†่ฎกๅˆ’# #็‰นๆœ—ๆ™ฎๅ…่ฎธ401(k)ๆŠ•่ต„ๅŠ ๅฏ†่ดงๅธ#
ETH0.63%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Treentvip
ยท 08-09 03:13
Thank you for your Sharing
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)