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Analysis: 9 Wallets Accumulate 614,000 ETH Worth Over $2.1 Billion in Half a Month
Summary: According to on-chain analyst Yu Jin, multiple new wallets have been accumulating ETH through channels like Kraken, FalconX, Galaxy Digital, and Binance since 7/10. In just half a month, 9 wallets identified by Yu Jin have accumulated a staggering 614,000 ETH, valued at over $2.1 billion. Some of these addresses are still accumulating. These whales/institutions, ...
According to on-chain analyst Yu Jin, multiple new wallets have been accumulating ETH through channels like Kraken, FalconX, Galaxy Digital, and Binance since 7/10. In just half a month, 9 wallets identified by Yu Jin have accumulated a staggering 614,000 ETH, valued at over $2.1 billion. Some of these addresses are still accumulating. These whales/institutions, along with ETH spot ETFs and known ETH reserve companies, have helped drive ETH from $2,700 to $3,700 in the past half month.
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Link: Analysis: 9 Wallets Accumulate 614,000 ETH Worth Over $2.1 Billion in Half a Month [Copy]
