Ethereum “mega whales” have continued to buy up the cryptocurrency, which dipped and began recovering over the weekend.
Ethereum whales have continued to buy up the cryptocurrency in droves, according to onchain analysts, as Ether recovers from its weekend dip.
“Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 million worth of Ether (ETH) from over-the-counter (OTC) trading at Galaxy Digital.
The whale address currently holds 79,461 ETH, worth around $282.5 million.
Read more