Ethereum in Treket, Whales and companies buy en masse

Large Ethereum (ETH) investors, or Whales and Sharks, have taken a lot of time in the past month. In total bought She 1.49 million ETH, worth almost $ 3.8 billion. This group of wealthy investors now has 41.61 million ETH, almost 27% of the total stock. Strikingly enough, the Eth Cookies Limited along, with only an increase of 5.4% over the past 30 days. Is there an Ethereum Bull Rally?

Ethereum Whales strike while small investors get out

What is particularly interesting is that small investors sell their ETH positions and that Whales likes to buy these coins. This shift from so -called “weak hands” to “strong hands”, or investors with a strong conviction in Ethereum, is a bullish sign for the Etherem course. The more long -term investors with conviction Ethereum buy coins, the more likely it is that the ETH price will rise in the long term.

In addition to the fact that Whales buy up a lot of Ethereum tokens, we also see that they are becoming more active. Data From on-chain analysis platform Santiment shows that the wealthy addresses on the Ethereum Network are increasingly strike on Decentralized Finance (Defi) platforms. For example, the use of various protocols, such as Ethereum Name Service (Ens) and Compound (Compound (Comp), increased by Whales with 313% and 203% respectively over the past week (see figure below).

Sharplink buys $ 463 million from ETH for $ 463 million

Companies are also buying more and more ETH coins. Sharplink Gaming has a lot unpacked With Ethereum. The American sports betting company bought no less than 176,271 ETH for a total amount of $ 463 million. With that it can now call itself the largest listed owner of ETH. The average purchase price amounted to around $ $ 2,626 per coin. A striking step, because Sharplink now uses Ethereum as a strategic reserve – just like Strategy does with Bitcoin.

The company focuses more than 95% of its ETH on strike and liquid strike platforms, which not only yields returns, but also contributes to the safety of the Ethereum network. According to chairman Joseph Lubin, who is also co-founder of Ethereum, this is an important step towards wider adoption of ETH by large institutions.

Although organizations such as the Ethereum Foundation (with 214.129 ETH) and BlackRock (even 1.7 million ETH) have larger quantities in possession, they are not listed. With that, Sharplink takes on a unique position. The fair first responded enthusiastically, the Sharplink share rose by 400%in a short time. Yet it later dropped by 70%.