Four newly activated Ethereum wallets have accumulated 42,867 ETH, worth approximately $198 million, in the past 12 hours. These transactions were facilitated by FalconX, a leading crypto brokerage, indicating significant institutional demand for Ethereum. The wallets, possibly associated with BitMNR, suggest a bullish sentiment among institutional investors, as such large-scale acquisitions often precede price surges.
Ethereum Whales Acquire $198M in ETH, Signaling Institutional Interest
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.