Ethereum Whale Purchases Surge Amidst Ethereum Bearish Momentum
Ethereum markets have been closely monitored as substantial movements by large wallet holders, known as ‘whales,’ resurface. Blockchain analytics firm Arkham reports an important acquisition: a single wallet purchasing 8,773.5 ETH, valued approximately at $19.7 million. This acquisition was made at a price of $2,245 per ETH. Interestingly, the same wallet had previously amassed 10,376 ETH in June at an average value of $1,626.