Ethereum Surges to Six-Month High on Whale Activity and Record Wallet Count

Ethereum has reached its highest price level since January, topping out at $2,630. This milestone comes alongside increased whale activity and a record number of non-empty Ethereum wallets.

The term 'whale' refers to entities controlling large amounts of an asset, with their activity closely watched for market impact. Cointelegraph reported that the price level coincided with rising whale activity, but did not provide further details on transaction sizes or identities.

The number of non-empty Ethereum wallets reached 207.17 million, setting a new record. This metric counts addresses containing an Ethereum balance and reflects growth in wallet usage, although it does not necessarily indicate unique individual adoption.