Ethereum Whale Behavior Shifts: Divergent Trends in August

Data from Glassnode reveals contrasting patterns among Ethereum’s largest holders in August. While mega whales, those possessing over 10,000 ETH, contributed to market growth with a peak net inflow of 2.2 million ETH over the month, their accumulation has now stalled. Conversely, large whales, holding between 1,000 and 10,000 ETH, have resumed purchasing after weeks of selling activity.