Ethereum Whales Accumulate $1 Billion ETH Amidst Lagging Price Against Bitcoin
The Ethereum ($ETH) market witnessed notable whale accumulation, with over $1 billion added in holdings despite recent price stagnation. Ethereum trades at $2,300, reflecting a 78.5% surge in 12 months, while Bitcoin soared by 170%. Institutional inflows in crypto investment products reached $2.2 billion in a year, with Bitcoin-centric products leading at $1.93 billion. Solana ($SOL) attracted attention, gaining $167 million in investments post FTX's collapse, surpassing Ethereum's inflows. Analysts maintain bullish sentiments, predicting ETH to hit $10,000 and foreseeing potential price surges post Bitcoin ETF approval.
Xu Lin
