Crypto
Ethereum Whales Split as Price Rallies Past $2,430
Ethereum's price has surged by nearly 29% in the past week, reaching $2,430 on Friday for its highest mark in roughly four months.
This rally follows strong inflows into US-listed Ethereum ETFs, which absorbed their largest daily haul since October at $220.77 million on August 20, according to SoSoValue data.
The inflow capped a four-day run of positive flows worth $512.25 million, with demand accelerating from $30.85 million on August 17.
Total net assets across the funds reached $13.58 billion, the highest since May 11, and cumulative net inflows now stand at $11.97 billion.
The price gain has not been uniform among whales, with some large holders buying while others sell.