Recently, despite some negative comments from the market, large investors or institutions still show confidence in Ethereum$ETH .
Specifically, a whale account with the address 0xb99...cf5 has actively increased its holdings in the past three days, purchasing 19,772 Ethereum worth about $49.62 million, and this trend of increasing holdings is still continuing.
As early as September 17, the account began to continue to increase its holdings of Ethereum. In a month and a half, the account withdrew a total of 54,272 Ethereum from the two major trading platforms Binance and Bybit, involving an amount of up to $136.87 million, with an average purchase price of $2,522 per coin.
This series of actions shows that although market fluctuations and public sentiment may have a certain impact on Ethereum, some large investors are still firmly optimistic about its long-term development potential.