Ethereum's major holders, or whales, are continuing to enlarge their investment amid recent price drops, acquiring more than 120,000 tokens in just three days.
Increased Whale Activity
According to analyst Ali Martinez, whales have been actively buying significant amounts of Ethereum, purchasing over 120,000 tokens in three days due to the recent price drop, which provided an opportunity for strategic buys.
Major Investor Transactions
Lookonchain reports that one major investor bought 7,074 ETH worth $13.8 million. The investor withdrew 4,511 ETH from the OKX exchange and transferred it to the Aave platform. Then, he borrowed 5 million USDT to buy an additional 2,563 ETH.
Current Ethereum Market Trends
As of this writing, Ethereum trades around $1,966. Despite current market volatility, investors and analysts remain optimistic about its potential growth, predicting it could reach $4,000 by 2025.
Despite short-term price fluctuations, large investors remain confident in Ethereum's growth prospects, likely impacting retail investor sentiment.
