- Ethereum whales with 1,000 to 10,000 ETH added around 400,000 ETH to their holdings.
- ETH lost over 21% of its value after dropping from a local high of $1,742.
- The price has rebounded to $1.670, only 4.27% off the highest price it has achieved this year.
The recent market dip has resulted in some significant whale purchases that pushed crypto prices back toward the local highs of 2023. On-chain data showed that Ethereum whales with 1,000 to 10,000 ETH added around 400,000 ETH to their holdings during this period. The value of the recent acquisition is estimated at $600 million.
Source: https://coinedition.com/ethereum-whales-take-advantage-of-recent-dip-to-buy-more-eth/