Ethereum Whales Holding 100K-1M ETH Bought $341 Million Worth of ETH in Last 24 Hours
CryptoNewsTerminal Staff20 May, 2024
Ethereum Whales Holding 100K-1M ETH Bought $341 Million Worth of ETH in Last 24 Hours
In the last 24 hours, wealthy Ethereum investors holding 100,000 to 1 million ETH bought $341 million worth of the cryptocurrency, according to crypto analyst and trader Ali Martinez via Twitter. These whales have been accumulating ETH, signaling bullish sentiment in the market. The increased buying activity suggests that these whales are confident in Ethereum's long-term prospects. Ethereum, the second-largest cryptocurrency by market cap, has seen its price fluctuate in recent weeks but remains well above its 2023 lows. Whales' buying spree could be a sign that they believe Ethereum is undervalued and has the potential for significant growth. It could also indicate that they are preparing for a potential bull run in the cryptocurrency market. ```
