Ethereum Whale Activity Booms, Signaling Potential Market Surge

Recent analysis reveals Ethereum’s largest investors (whales) are accumulating record amounts of the cryptocurrency. A new report by CryptoQuant shows that wallets holding between 10,000 and 100,000 ETH have exceeded 21 million ETH in combined holdings – a historic high not seen since the network’s inception. This surge comes amidst Ethereum’s gradual climb towards the $2,956 level. A significant portion of these increases coincides with recent accumulation patterns observed by CryptoQuant, which suggests that major institutional investors are driving this activity.