Over 1.035 million ETH have been hoarded by multiple unknown whales through exchanges or institutional business platforms in the past month.
according to on-chain analyst Yu Jin's monitoring, in the past month since 7/10, over 1.035 million ETH ($4.167 billion) has been hoarded by multiple unknown whales/institutions through exchanges or institutional business platforms.
The price of ETH also rose from $2,600 to $4,000 in this month, a 45% increase. Most of the ETH hoarded in these addresses should belong to institutions or US companies holding ETH reserves (excluding SBET, SBET addresses are known), and the average price of the hoarded ETH is approximately $3,546.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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