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What Do Ethereum Whales Know That We Don’t?

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What Do Ethereum Whales Know That We Don’t
  • Whales are accumulating ETH, withdrawing millions from top crypto exchanges.
  • Ethereum remains in a downtrend, consolidating between key support levels.
  • The upcoming upgrade is expected to correct the inflationary side-effects.

Despite bearish price action and a shaky market outlook, Ethereum is quietly finding its way back into the hands of crypto whales.

While prices are slipping and technical indicators point to a downward trend, major wallets have been quietly scooping up ETH in large amounts – a move that has analysts asking: what do they know that we don’t?

On-chain data provider Lookonchain highlighted several large ETH withdrawals from exchanges. An address linked to Metalpha moved nearly 29,000 ETH (approx. $48.7M) from Binance since April 1. Separately, over 46,500 ETH left Gate.io via one wallet since mid-February, a…

The post What Do Ethereum Whales Know That We Don’t? appeared first on Coin Edition.

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