Ethereum reserves are becoming increasingly attractive to companies. This week, an anonymous entity created a new reserve, accumulating 171,015 ETH.
Anonymous Entity Accumulates ETH
An unknown party has purchased ETH from various sources, creating six new wallets and accumulating a reserve of 171,015 ETH. On-chain data shows that Ethereum tokens were transferred to newly created wallets funded by large trading wallets.
ETH Market and Whale Activities
Whales are actively engaged in the ETH spot market, both trading and accumulating for staking. In recent days, one whale panic-sold during a short-term drop but returned to buying. Currently, the top ten whales hold approximately 12.33M ETH, making up less than 10% of the total supply.
SharpLink Gaming Acquisitions and Their Impact
SharpLink Gaming has also added to its ETH treasury. Over the past day, the company acquired an additional 21,959 ETH, bringing its total to 543,898 ETH. This increase in reserves comes amidst growing interest in ETH from both individual and institutional investors.
The accumulation of Ethereum by large, unidentified entities continues to highlight the growing interest in Ethereum assets, which may influence future markets and prices.
