Ethereum Whales Accumulate ETH Tokens Amid High Sell-off
Ethereum Ang Ethereum Whales ay Nag-iipon ng mga Token ng ETH Sa gitna ng Mataas na Sell-off 11 / 23 / 2022 Balita ng Ethereum ng Bitcoin The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarters bearish trend is no exception. The past few weeks in the crypto market have been filled with massive losses following the FTX collapse. The extreme macroeconomic conditions following the Feds interest rate hike are not helping matters. Ethereum, the second-largest cryptocurrency, suffered multiple setbacks in the last weeks following the market decline. Ethereum slumped below $1,600 to $1,081, losing nearly 24% over the weekend. Ether whales took note of the bearish trend and accumulated over $1 billion worth of ETH while the price went below the support level. Whales Buy A Major Amount Of Ethereum Ayon kay Santiment, Ethereum whales accumulated nearly 947,940 ETH worth over $1 billion in the current market price. The “Percentage of Supply Held” data for Ethereum indicates the move as the most significant single-day whale accumulation in the last year. In previous accumulations, Ethereums price rose by an average of 3.2% against BTC. Bitcoin whale accumulations at support levels