- Whales increased ETH activity despite steep price declines and rising liquidations.
- Major Tornado Cash transfers raised questions about potential Richard Heart-linked sales.
- Institutional wallets kept accumulating ETH as whale #66kETHBorrow expanded positions.
Ethereum’s latest price drop has coincided with a surge in activity from several large wallets, creating a major divergence between market sentiment and high-value trading behavior. At the time of writing, ETH was extending its downturn, falling to $3,165.05 after a 9.59% decline over the past 24 hours. Blockchain data showed that multiple whales continued to accumulate or reposition, despite elevated liquidation risk.
The move unfolded as Ethereum’s market capitalization declined to $382.01 billion, while 24-hour trading volume jumped 34.03% to $52.54 billion, reflecting heightened activity during the dr…
Read The Full Article ETH Whale Activity Climbs as Big Holders Buy Into a Double Digit Price Drop On Coin Edition.
Source: https://coinedition.com/eth-whales-diverge-degens-get-liquidated-institutions-buy/