Crypto
Ethereum Whales Boost Price with $152M Buying Spree
Ethereum's price recovery is being supported by significant buying activity from whales, with two large investors accumulating a total of $152 million worth of ETH.
According to Onchain Lens, one whale withdrew 30,000 ETH, worth $57.21 million, from Coinbase Prime and distributed the tokens across three new wallets.
Another whale acquired 50,000 ETH, worth $95.73 million, from a Fidelity-linked wallet, with 36,530 ETH, worth $69.94 million, later moved to a new address.
The Ethereum Whale Sentiment Index has been above 60 for two days and remains above 50 for six consecutive days, signaling heavy buying among large holders.