According to a new report by Standard Chartered, corporate treasuries and institutional investors are showing active interest in Ethereum, acquiring millions of ethers amid rising prices.
Corporations Enhance Their Ethereum Assets
In two months, corporate treasuries have purchased 1.26 million ETH, roughly 1% of the total ETH supply in circulation. Analysts call this the most significant buying wave for Ethereum. Projections indicate that companies could eventually control over 10% of all ethers.
Investors Drive Strong Ethereum Growth
Over the past six weeks, Ethereum has shown significant growth, increasing by nearly 50%. According to analysis, large investors, also known as 'whales', have purchased over 220,000 ETH worth approximately $840 million, confirming growing market confidence.
Developments at Zodia Markets
Zodia Markets, backed by Standard Chartered, raised $18.25 million in Series A funding. The platform plans to expand geographically and develop cross-border stablecoin solutions.
In recent months, interest in Ethereum has significantly increased due to active purchases from corporate treasuries and large investors. These actions could lead to more profound changes in the cryptocurrency market.
