Ethereum Whales Accumulate $1.49 Million in Just 30 Days Amidst Market Dip

Despite a recent market downturn that saw Ethereum prices drop over 8%, large Ethereum holders (aka whales) have continued to accumulate the cryptocurrency. This trend is evident from a report by Santiment which reveals that over 1.49 million ETH were added to their holdings by wallets holding between 1,000 and 100,000 ETH over the past month. This follows a period where retail traders took profits on the heels of a market dip.