Analyst: Whale Continues to Accumulate ETH, Potentially Fueling Further ETH Price Appreciation
BlockBeats News, September 4th, according to Decrypt, as whales have increased their accumulation during the recent cryptocurrency market pullback, Ethereum is gradually turning bullish. Analysts say that with continued inflows of institutional funds, ETH may further rise. Data from on-chain analytics platform Santiment shows that whale addresses holding between 1,000 and 100,000 ETH have increased their holdings by 14% over the past five months.
Bitget analyst Ryan Lee stated, "Whales are reallocating their portfolios from Bitcoin (BTC) to Ethereum (ETH), driving Ethereum's upward momentum. At the same time, growing interest in its ecosystem and the upcoming ETF launch are providing support."
According to Artemis data, the whales' concentration increase in holdings aligns with the $9.9 billion net inflow into the Ethereum network over the past three months, along with $6.7 billion in stablecoin inflows. The influx of investors and funds reflects the resilience of Ethereum's decentralized finance (DeFi).
Zilliqa CEO Alexander Zahnd stated: "The role of Ethereum has once again strengthened, with activity notably flowing back from Layer 2 networks to the Mainnet, especially in the DeFi space. To me, Ethereum is the preferred blockchain for institutional use due to its maturity, security, and significant development team advantage."
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
