Whale/Institutional Address Cluster Accumulates Over 1,035,000 ETH in One Month

BlockBeats News, August 9th, According to on-chain data analyst Yu Jin, since July 10th, over 1,035,000 ETH (worth approximately $4.167 billion) has been accumulated by multiple unknown whales or institutions through exchanges and institutional platforms within a month.

During the same period, the price of ETH has risen from $2,600 to $4,000, a 45% increase. Most of the ETH accumulated by these addresses should belong to institutions or U.S. public companies holding ETH reserves (excluding SBET, as SBET addresses are known). The average price of the accumulated ETH is approximately $3,546.