Ethereum whales accumulate 320,000 ETH as $1 million transactions surge

  • Large investors accumulated more than 320,000 ETH during the past week.
  • Ethereum transactions exceeding $1 million increased from 1,202 to 7,113.
  • Bitcoin traded near $82,000 while Ethereum stood around $2,650 after last week’s surge.

Bitcoin and altcoins have weakened after last week’s rally, with BTC near $82,000 and Ethereum around $2,650. Large investors accumulated more than 320,000 ETH over the past week, according to cryptocurrency analyst Ali Martinez. During the same period, Ethereum transactions worth more than $1 million rose from 1,202 to 7,113, an increase of approximately 500%. Analysts say the heightened volatility is bringing ETH toward a crucial level that could determine its next major move.

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