Institutional Investment Fuels Ethereum Growth: Whales Accumulate

Ethereum’s price has hit a new all-time high, surpassing $4,500. This surge is driven by increased activity from institutional investors, who are buying large quantities of the cryptocurrency. Recent data shows that Bitmine, a major player in the Ethereum space, has been amassing significant holdings and driving up demand. 2 new addresses linked to Bitmine bought a sizable amount of ETH worth $135.1 million, signaling their commitment to long-term investments.