ETHEREUM NEWS: LARGE ETH WITHDRAWAL AND INSTITUTIONAL ACCUMULATION DRAW ATTENTION
Ethereum is seeing continued institutional and whale activity. A newly identified wallet reportedly withdrew approximately 11,610 ETH, worth about $31 million, from exchanges on September 29. The reason for the transfer has not been confirmed.
Ethereum treasury company Bitmine has also reported holdings exceeding 6 million ETH after another recent acquisition. The company said its holdings represented roughly 4.9% of Ethereum's circulating supply, with more than 84% of its ETH reportedly staked.
At the same time, Ethereum continues to develop its protocol and account abstraction roadmap, keeping network upgrades and institutional adoption among the key themes for ETH.
#Macro Insights# #Altcoin Season# $ETH
Ethereum is seeing continued institutional and whale activity. A newly identified wallet reportedly withdrew approximately 11,610 ETH, worth about $31 million, from exchanges on September 29. The reason for the transfer has not been confirmed.
Ethereum treasury company Bitmine has also reported holdings exceeding 6 million ETH after another recent acquisition. The company said its holdings represented roughly 4.9% of Ethereum's circulating supply, with more than 84% of its ETH reportedly staked.
At the same time, Ethereum continues to develop its protocol and account abstraction roadmap, keeping network upgrades and institutional adoption among the key themes for ETH.
#Macro Insights# #Altcoin Season# $ETH
