Ethereum Whales Feast While Retail Flees—ETH Ocean Just Got Hungrier
Big Ethereum wallets have increased their holdings by nearly 1.5 million ETH over the past month, representing a 3.70% rise, while small investors have been cashing out. Wallets holding between 1,000 and 100,000 ETH now control over 41 million ETH, about a quarter of all Ether in circulation. Ethereum's price has seen muted action, currently trading around $2,625, approximately 45% below its all-time high, with a 5% increase over the last month. On-chain data indicates significant activity in Ethereum Name Service and lending protocols, with transaction volumes rising over 300% and 200%, respectively. Institutional interest remains strong, with US spot Ether products experiencing inflows for 19 consecutive days, totaling $1.37 billion. Despite minor outflows following this streak, large wallets continue to accumulate Ether while smaller traders secure profits. The current market conditions suggest a potential upward movement when demand aligns with a price trigger.
