An observable shift has taken place recently in the Ethereum (ETH) market. It appears “whales“—large institutional investors and individuals with substantial wealth—are aggressively amassing vast amounts of ETH. The uptick in whale activity has some market participants wondering whether this is a vote of confidence in ETH’s future. Or are these whales accumulating for other reasons? A number of substantial Ethereum withdrawals from different centralized exchanges, such as Binance, Gateio, Bybit, and Kraken, have been noted, indicating that big players in the crypto space would rather hold their ETH than trade it. With Ethereum holding a strong position in the
The post Whales Are Accumulating Ethereum: What Does This Mean for ETH’s Future? appeared first on The Merkle News.
