Over 1.035 Million ETH Accumulated by Whale and Institutional Addresses in the Past Month

BlockBeats News, August 9 — According to on-chain data analyst Yujin, more than 1.035 million ETH (worth approximately $4.167 billion) have been accumulated by several unknown whales or institutions through exchanges and institutional platforms within a month since July 10.

During the same period, the price of ETH rose from $2,600 to $4,000, an increase of 45%. Most of the ETH accumulated at these addresses is likely held by institutions or US-listed companies holding ETH reserves (excluding SBET, as the SBET addresses are known). The average price of the ETH accumulated is around $3,546.