Wrapped Ethereum’s whale transaction count has just breached a level untouched for half a decade. According to the Santiment update, the WETH network recorded 113,000 transactions exceeding $100,000 in the past seven days—the highest since May 2021. The number is not just a statistical curiosity. WETH functions as the plumbing for Ethereum’s DeFi ecosystem, and a spike of this magnitude suggests serious capital is moving through trading, lending, and liquidity rails, not parking idly in cold storage.