Ethereum Whales: Are Aggressive Buys Leading to a Bubble?

Recent data suggests that while large Ethereum whales are actively accumulating the cryptocurrency, this buying spree is not driving consistent network activity. A closer look reveals a concerning trend. 0x4ED0, for example, has amassed a substantial ETH holdings, worth over $81 million at an average purchase price of $4,417. This whale’s aggressive purchasing activities, coupled with the borrowing and trading of substantial USDT, raises concerns about potential speculative bubbles in Ethereum’s market.