Crypto News

Ethereum Whales Stir As Large Transactions Surge And Spot ETF Sees Strong Inflows

Ethereum whales are becoming more active, with the daily number of large transactions exceeding 10,000—a level not seen since August.

One notable whale, who acquired 24,957 ETH in early 2017 at an average price of just $10.35, has recently re-entered the market after three years. This individual transferred 6,250 ETH, worth approximately $20 million, to Kraken.

Meanwhile, two other whales made significant moves today, each depositing 5,643 ETH, totaling $36 million, into Binance, according to data from Lookonchain. These actions reflect a growing wave of activity among major Ethereum holders, which could signal shifts in market sentiment.

Ethereum Spot ETFs Recorded Massive Inflows

In addition to these large transactions, the Ethereum spot ETF has seen a remarkable influx of capital. On November 13, the fund recorded a total net inflow of $147 million, marking its sixth consecutive day of positive inflows. Among the standout performers was the Fidelity Ethereum ETF (FETH), which led the pack with a single-day net inflow of $102 million.

These developments suggest a renewed interest in Ethereum, both from institutional players and large investors. The surge in whale activity and the continued growth of Ethereum-focused ETFs indicate a bullish outlook for the network, despite broader market volatility. As Ethereum whales continue to make moves, all eyes will be on how these shifts affect the price and market sentiment in the coming weeks.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: iloveotto/123RF // Image Effects by Colorcinch

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