ETHEREUM WHALE TRANSACTIONS HAVE INCREASED BY 54%; POSSIBLE EFFECTS.

Ethereum experienced a 54.35% increase in whale transactions, reaching $2.81 billion, according to IntoTheBlock data, highlighting subtle performance upticks.

Large transactions increased from 2,120 to 3,230 on July 2.

ITB defines large transactions as transactions involving over $100,000 Ethereum tokens per unit of time. Ethereum is primarily dominated by retail investors, but recent data shows a large spread of big spenders. This impact is evident in the recent mild bullish performance of the Ethereum protocol, with the Ether coin trading at $1958.65.