Ethereum Price Plummets, but Whale Activity Hints at Market Secrets

Ethereum’s price took a sharp dive of nearly 10% Thursday following market turmoil triggered by the Israel-Iran conflict. While retail traders are cashing out, on-chain analysis reveals a surprising trend: whales are actively adding ETH to their wallets. Santiment data shows that whales accumulated over 1.49 million ETH in the past month alone. This signifies a significant increase in large-scale holdings, reaching almost 27% of the total Ethereum supply, according to reports.