According to high analysts, Ether Wheels continued to buy cryptocurrency in the draws, as the lack of ETH weekend is recovered from ETH.
Blockchain Analytics firm, Arkham Intelligence, said on Sunday that “someone is buying ETH,” that an address from the Galaxy Digital Over the Counter (OTC) trading collects 300 million worth of Ether (ETH).
The wheel address currently has 79,461 ETH, worth $ 282.5 million.
Blackrock has also promoted ETH, with the firm’s Ethereum Trust ETF, the arrival of $ 1.7 billion has been seen in the last 10 consecutive trade days.
According to Don Analytics, during the last month, the transfer funds have gone vertically in Ether Holdings, which is increasing by more than 40 % in the last 30 days.
ETH mega whales are loading
According to Glasinod, the counting of the Ether “Mega Wheel” address has also increased in the last 30 days.
The mega -whale has been praised by more than 10,000 ETH addresses, adding more than 200 since the beginning of July.
In these wheel addresses, they are placed through exchanges, major caretakers and exchange traded products, which have been aggressively assembled.
ETH already recovering
Ether prices cool down from 4,400 to the end of the week, but on Monday, $ 3,560 re -claimed to be recovered.
Related: Ethereum ‘Mega Wheels’ is staging more than 95 % rally in 2022
“When the labor market cooling trend initially promoted investors, but more likely to be sold sooner than monetary ascasing, Crypto could be offered a faster tail wind as a change in leakage expectations,” said Monica Melidzovskovskovskovs.
Ether fish in August
Like Bitcoin, who has been in a downturn in eight months of August, Ether has seen losses in the last three years in August.
According to Conglas, the asset declined double -digit in August 2023 and 2024, but during August 2021, increased by 35.6 %, which was the year of the Bell Market.
At the end of the week, US President Donald Trump’s son Eric Trump asked his X -followers to buy an ETH dip.
Meanwhile, the CNBC labeled the Ethereum “hidden backbone of Wall Street” in an article on Saturday.
Magazine: China makes fun of US crypto policies, Telegram’s new Dark Markets: Asia Express
