Ethereum Whales Accumulated More Than 140,000 ETH in 96 Hours, Analyst Says

According to Ali Charts and the provided wallet data, large Ethereum holders continued buying aggressively, including a specific address that accumulated 16,900 ETH since Feb. 15 and showed unrealized gains.

ETH

Summary

Crypto market analyst Ali Charts said Ethereum whales accumulated more than 140,000 ETH over the past 96 hours, with the purchases valued at about $322 million. Separate wallet-level data indicates one large holder bought an additional 900 ETH worth about $2.13 million and has accumulated 16,900 ETH since Feb. 15 for about $35.67 million at an average purchase price of $2,110 per coin. That address was reported to be sitting on more than $4.6 million in unrealized profit. Together, the reports point to continued large-holder accumulation in Ethereum, though they do not identify motives, trading venues, or wallet ownership.

Terms & Concepts
  • Whales: Large holders of a cryptocurrency whose buying or selling activity can influence market sentiment and liquidity.
  • ETH: The native cryptocurrency of Ethereum, used to pay network fees and interact with blockchain applications.
  • Unrealized profit: The increase in value of an asset based on current prices, without the position being sold and the gain being formally realized.