According to Wu, as monitored by @EmberCN, since July 10, over 1.035 million ETH (worth $4.167 billion) has been accumulated by multiple unknown whales/institutions through exchanges or institutional business platforms in the past month. The price of ETH also rose from 2,600 to 4,000 in this month, an increase of 45%. Most of the ETH accumulated in these addresses belongs either to institutions or to US companies holding ETH reserves (excluding SB, as the SB address is known), with an average price of about 3,546 for the accumulated ETH.

ETH5.57%
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