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ETH : Quiet Moves of Institutional Investors

Santiment reveals several insights about Ethereum wallets holding between 1,000 and 100,000 ETH, known as market “whales” and “sharks.” They have accumulated an additional 1.49 million ETH in the last month. This represents a 3.72% increase in their collective holdings, now amounting to almost 27% of the total Ethereum supply.

Besides ETH accumulation, the data shows that these large institutional investors are closely monitoring the Ethereum DeFi ecosystem. The Ethereum Name Service recorded the highest surge in whale transaction activity during the second week of July. It is closely followed by the Ethereum lending protocol.

Ethereum in Grey Zone : Accumulation by Some, Panic by Others

Meanwhile, shares of the sports betting platform SharpLink Gaming have plummeted by 73%. This decline follows a large volume of shares being registered for possible resale, leading to negative reactions among investors who had bought into the company’s Ether cash plan.

Despite massive capital inflows from large investors, the price of ETH has only seen moderate growth in recent weeks. It still remains far from its all-time high. This trend highlights the growing appetite of whales and sharks for the Ethereum ecosystem, while retail investors lock in their profits. Stay tuned in the coming days for developments in this ever-evolving market.

How to Buy ETH on Bitget ?

Investing in Ethereum is an opportunity worth exploring despite volatility, given its rebound potential. Here is a practical guide to acquiring it on Bitget with ease :

  1. Create an account: Sign up on Bitget with your email in a few clicks.
  2. Verify your identity: Submit identification documents to enable trading via KYC.
  3. Add funds: Deposit dollars or cryptos like USDT.
  4. Buy the token: Go to “Spot Market,” select ETH/USDT, and purchase the desired amount.
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