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Whales Accumulate Over $862 Million in Ethereum Within Six Hours

Whales Accumulate Over $862 Million in Ethereum Within Six Hours

Lookonchain reports 16 whale wallets receiving 431,018 ETH from Kraken, Galaxy Digital, BitGo, FalconX, and OKX, signaling continued accumulation by large investors.

ETH

Summary

According to Lookonchain, 16 whale wallets accumulated 431,018 ETH, valued at $1.73 billion, over the past two days. The Ethereum was withdrawn from exchanges such as Kraken, Galaxy Digital, BitGo, FalconX, and OKX, continuing a pattern of large-scale accumulation by significant holders.

Terms & Concepts
  • Whale: A term used in cryptocurrency to describe an entity or individual holding large amounts of a digital asset, capable of impacting market prices through significant transactions.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, staking, and as gas fees to power decentralized applications.