Ethereum Whales Accumulate $2.45 Billion ETH as Prices Dip

• Whales bought over 700K ETH in three weeks with $2.45B amid the downturn.
• These whales are investors holding between 10,000 and 100,000 ETH tokens.
• TD Sequential indicator issued a buy signal on the Ethereum daily chart.

Amid ongoing selling pressures in the Ethereum market, prominent investors are seizing the opportunity to accumulate ETH in anticipation of the next bull market phase. In a post on X yesterday, on-chain analyst Ali Martinez called attention to the significant activity of Ethereum whales. 

Citing data from the market intelligence platform Santiment, Martinez revealed that ETH whales have purchased over 700,000 tokens in the last three weeks, amounting to a substantial $2.45 billion influx into the Ethereum market despite the current downturn.

#Ethereum whales have bought over 700,000 $ETH in the past three weeks, totaling approximately $2.45 billion! pic.twitter.com/sfmXnkqD49

— Ali (@ali_charts) June 15, 2024

This latest update from Martinez follows an earlier one in which he disclosed that Ethereum whales bought about 240,000 tokens worth about $840 million in one day during the asset crash to $3,434. Notably, these whales are investors hol…

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