Ethereum’s accumulation addresses have hit a new record high, holding a staggering 24.3 million ETH. This surge is fueled by increased inflows from whales and institutional investors, according to CryptoQuant data. Daily inflows surpass 500,000 ETH on some days, indicating robust confidence in the Ethereum ecosystem.
These accumulation trends suggest a resurgence of confidence within the larger Ethereum community. Experts are observing potential impact on DeFi markets, with increased adoption expected as investors look towards new opportunities within the layer-2 space.
While the current price movement remains independent from regulatory statements from institutions like the SEC or CFTC, past history reveals correlations between significant accumulation and price rallies similar to those experienced in 2020-2021.