Recent data from crypto analytics firm Santiment shows that Ethereum whales and sharks have increased their ETH holdings by 3.72%, amounting to a net addition of 1.49 million ETH (approximately $3.79 billion) in the past month. This uptick contrasts with retail investors who have been taking profits during this period. The whale and shark wallets, which collectively hold about 41.61 million ETH, now make up nearly 27% of the total supply. However, despite this significant buying interest, the price of Ether has only seen modest gains of 1.8% and 3.8% over the last two weeks and month, respectively. Ether is currently trading at $2,575, nearly 48% below its all-time high. Additionally, there has been increased confidence in Ethereum from institutional investors, as evidenced by net inflows into spot ETFs, which saw a recent $2.1 million outflow after a long inflow streak. Other related market movements include a notable drop in shares for SharpLink Gaming after its Ether treasury plan was met with investor skepticism due to a share resale registration. This highlights nuanced dynamics in Ethereum’s ecosystem, especially amid contrasting behaviors of large investors and retail traders.

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