Crypto
Ethereum Whales Fuel Altcoin Rally Above $1,900
Ethereum whales have shown renewed interest in the altcoin, adding $58 million in ETH transactions over the past few days.
A whale purchased 27,000 ETH worth $52.03 million through Galaxy Digital OTC after three months of wallet inactivity, marking a notable return to the market.
Arthur Hayes also bought another 644.34 ETH worth $1.25 million, lifting his eight-day accumulation to 3,270 ETH acquired for approximately $6.27 million.
The transactions reflect renewed demand from large buyers as Ethereum held above $1,900 for four consecutive daily closes, a streak last recorded over a month ago.