🐳🐳Are Ethereum Whales Buying or Selling?🐳🐳
$ETH Ethereum Whale Transactions Hit Record High Since March
In a recent post on X, market intelligence platform IntoTheBlock highlighted a surge in Ethereum whale activity. The "Number of Large Transactions" metric, which tracks Ethereum transactions over $100,000, has significantly increased, indicating heightened activity among whales.
This uptick coincides with news that ETH spot exchange-traded funds (#ETFs ) might have better approval odds, driving $ETH prices back to around $3,800. This heightened activity suggests whales are repositioning themselves, which could lead to market volatility if it continues.
Additionally, data shows a positive net flow into the wallets of Large Holders (those owning at least 0.1% of #Ethereum's supply), indicating that whales are currently accumulating rather than selling.