Published: Feb 12, 2025 at 07:20 PM
Updated: Feb 12, 2025 at 07:12 PM
- Whales accumulated over 600,000 ETH in a week, impacting ETH’s circulating supply and liquidity.
- Ethereum’s 10k-100k balance increased from 16.3162M to 16.9882M ETH between February 2 and February 9, despite a dip.
- ETH trading volume hit $34.59B, with price fluctuations showing volatility and increased market participation by high-net-worth investors.
Last week, large investors made purchases of above 600,000 Ethereum (ETH). Market activity triggered the accumulation of Ethereum tokens because the trading volumes demonstrated significant movement. The whale wallet transaction statistics show that ETH holdings are climbing substantially because of their increased rate of acquisition on the Ethereum blockchain.
Ethereum whales participated in several large transactions which caused them to obtain over 600,000 ETH. Several different exchanges and wallets served as platforms for Ethereum whale purchases which together created shifts in the Ethereum’s on-chain environment.
According to Ali Charts’ observation of Ethereum’s balance by holder value, tracking movements from January to February 2025. On February 2, Ethereum’s price stood at $2,867.9, with the 10k-100k balance at 16.3162 million ETH.
By February 9, Ethereum’s price reached $2,627.7, while the 10k-100k balance rose to 16.9882 million ETH. The price declined while large holders increased their holdings, reflecting shifts in market participation. The balance trend showed a steady upward movement.
Whale wallets recorded substantial inflows of ETH during the past week. These transactions occurred amid varying price levels, with some purchases aligning with temporary dips in the market.
The recent accumulation of Ethereum has influenced the available circulating supply. Large-scale purchases often lead to changes in liquidity, affecting market conditions. Ethereum’s overall movement in the past week reflects an increased demand among high-net-worth investors.
Tracking the current market performance at the time of press, Ethereum’s price stood at $2,603.90, while the trading volume reached $34.59 billion. The trend depict trading volume, with notable spikes corresponding to market movements.
The highest price levels occurred between March and July before experiencing corrections. The trading volume remained volatile, with peaks during significant price movements. The latest price is $2,816.91.
Cryptonewsland – Your Daily Crypto News – Read More