Ethereum Whales Buy the Dip: Analyzing Recent Accumulation Amidst Retail Sell-Off

Over the past 30 days, wealthy Ethereum holders (known as whales and sharks) have quietly bolstered their holdings. These wallets holding between 1,000 and 100,000 ETH saw a notable increase of 1.49 million ETH, resulting in a 3.72% rise in their overall holdings. This brings their share of Ethereum’s circulating supply to nearly 27%. In contrast, retail investors have been taking profits from the price fluctuations. This shift in behavior suggests that whales are capitalizing on market dips by accumulating more ETH while seasoned investors remain cautious.