Ethereum Treasury Whips Down as Whales Drive Buy Surge

The Ethereum treasury trade is experiencing a dramatic slowdown, with monthly acquisitions plummeting since August’s peak. Meanwhile, a select group of whales continue to accumulate billions of Ether. As investments from Ethereum digital asset treasuries (DATs) have fallen by 81% in the past three months, dropping from 1.97 million ETH in August to 370,000 ETH in November, experts suggest this reflects a clear shift in market dynamics.