Ethereum Whale Accumulation Soars Past $1.25 Billion Amidst Tightening Supply Dynamics

The Ethereum market is experiencing a surge of whale activity as large holders continue to accumulate substantial amounts of the cryptocurrency, exceeding $1.25 billion in recent weeks. This influx follows exchange supply hitting record lows, signaling a potential shift towards self-custody and tighter market dynamics. Abraxas Capital, a prominent Ethereum investor, has been at the forefront of this accumulation, adding millions of dollars into its holdings. Analysis shows that Abraxas Capital’s investments have significantly impacted overall whale activity, particularly as exchange supply dwindles.