Anonymous Whales Continue to Accumulate Ethereum (ETH); Acquire $40M Worth Over the Past Month
CryptoNewsTerminal Staff03 Sep, 2024
Anonymous Whales Continue to Accumulate Ethereum (ETH); Acquire $40M Worth Over the Past Month
On-chain data analytics provider Scopescan has reported a significant accumulation of Ethereum (ETH) by anonymous whales over the past month. According to Scopescan, these whales have withdrawn approximately $40 million worth of USDC from Binance and subsequently purchased ETH on various decentralized exchanges (DEXes). This accumulation trend suggests that whales continue to view ETH as a long-term investment, despite the recent market volatility.
