Ethereum Whales Accumulate ETH as Retail Sells

Major Ethereum holders, dubbed “whales” and “sharks,” have significantly increased their ETH holdings by 3.72% ($3.79 billion) in the past month. This accumulation occurred as retail investors took profits during Ether’s sideways price movement. Despite this institutional buying and a record 19-day spot ETH ETF inflow streak that recently ended, Ether’s price remains largely unchanged.