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Data: Institutional Investors Bought Over $4.7 Billion Worth of ETH Last Week, Stablecoin Market Cap Grew by $6.7 Billion
Summary: According to Lookonchain, last week, institutional investors including BlackRock, BitMine, and SharpLink collectively purchased 1.096 million ETH, worth approximately $4.72 billion, accounting for 0.91% of the total ETH supply. At the same time, 8 listed companies bought a total of 1,842 BTC, valued at $2.12 billion. The stablecoin market expanded by $6.72 billion, with USDT ...
According to Lookonchain, last week, institutional investors including BlackRock, BitMine, and SharpLink collectively purchased 1.096 million ETH, worth approximately $4.72 billion, accounting for 0.91% of the total ETH supply. At the same time, 8 listed companies bought a total of 1,842 BTC, valued at $2.12 billion. The stablecoin market expanded by $6.72 billion, with USDT and USDC on the Ethereum network increasing by $4.46 billion. Decentralized exchanges showed active performance, with spot trading volume reaching $124.264 billion, a 29.47% increase from the previous period; perpetual contract trading volume reached $164.684 billion, a 48.64% increase. It is worth noting that as the price of ETH rises, some early Ethereum investors and wallets associated with the Ethereum Foundation have been seen profit-taking, while some high-leverage traders have faced forced liquidation.
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Link: Data: Institutional Investors Bought Over $4.7 Billion Worth of ETH Last Week, Stablecoin Market Cap Grew by $6.7 Billion [Copy]
