• Whales added 400,000 ETH despite a recent price increment

• More ETH is being circulated although the current vault could be overpriced

Like a ton of assets in the crypto-market, Ethereum’s [ETH] price jumped over the weekend. Even at press time, the second-largest cryptocurrency in market value maintained a 5.11% hike in the last 24 hours. Needless to say, this has brought some calm to the market. Especially since much of it was flashing red over the weekend. 

Read Ethereum’s [ETH] Price Prediction 2023-2024

However, despite the gains registered on the charts, whales did not seem to be content. As pointed out by Ali_charts, a crypto-analyst on Twitter, addresses holding 1000 to 10000 ETH added $600 million to their holdings.

The information, derived from Glassnode, revealed that the whales took the action when ETH was still hovering above $1,680 on the charts. 

#Ethereum whales with 1,000 to 10,000 $ETH added around 400,000 #ETH to their holdings in the recent #crypto market dip, worth around $600,000,000.

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Author: Victor Olanrewaju

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