Ethereum Whales Bought 700K ETH Worth $2.45 Billion During Market Drop.

Amid the current downtrend, Ethereum whales have purchased more than 700,000 ETH tokens in the last three weeks, worth $2.45 billion.

Notably, each of these major investors holds between 10,000 and 100,000 ETH tokens.

On Ethereum's daily chart, the TD Sequential indicator recently gave a buy signal.

Ethereum Whales Turned the Market Drop into an Opportunity and Accumulated $2.45 Billion ETH.

High Value Investors Increase Ethereum Positions During Market Drop

While Ethereum continues to face selling pressures, large investors called “whales” are increasing their assets by taking advantage of the price drop. On-chain analyst Ali Martinez pointed out this trend on social media platform

Details of Whale Accumulation

This accumulation phase is at play, Martinez noted in an earlier report, where these whales purchased 240,000 tokens worth approximately $840 million in a single day during a dramatic market decline. Holding assets between 10,000 and 100,000 ETH, these large investors strategically accumulate assets in anticipation of future market gains.

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