Ethereum

2024

United

Giant

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There is ongoing mega accumulation of Ethereum (ETH) by whales within the crypto ecosystem.&nbsp;<a href="https://twitter.com/lookonchain/status/1745373944813904033?s=20" rel="noopener noreferrer nofollow">According</a> to data from the crypto analytics platform Lookonchain, a whale with the wallet address "0xAA15" withdrew a total of 5,762 ETH worth approximately $15.06 million from Binance earlier today. Overall, this whale has bought a total of 50,733 ETH $99.2 million at an average price of $1,955 since Sept. 19, 2023.
Per the Lookonchain outlook, another whale, "0x9314" also spent 7.29 million USDT to buy 2,800 ETH today, joining the host of accumulations of the second-largest cryptocurrency about two hours ago. This particular whale has a more robust portfolio, having stacked up a total of 82,780 ETH worth approximately $150.3 million at an average price of $1,816 since Jan 1, 2023.
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 Giant whales continue to accumulate <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>!0xAA15 withdrew 5,762 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($15.06M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> again 2 hrs ago and has bought 50,733 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($99.2M) at $1,955 since Sept 19, 2023.0x9314 spent 7.29M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDT</a> to buy 2,800 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> again 2 hrs ago and has bought 82,780 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($150.3M) at $1,816… <a href="https://t.co/2pH39afaiF" rel="noopener noreferrer nofollow">pic.twitter.com/2pH39afaiF</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1745373944813904033?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 11, 2024</a>
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The intriguing&nbsp;<a href="https://u.today/ethereum-whale-snaps-up-4677-eth-in-bold-bet-details" rel="noopener noreferrer nofollow">switch to Ethereum by these whales</a> complements the $8.2 billion in large transaction volumes according to data from IntoTheBlock. These large transactions, which involve ETH worth at least $100,000, have jumped by 65.99% in the past 24 hours.
Ethereum’s whales are notably helping to change the game as the digital currency strives to recoup its lost ground to price action.
<h2 id="ethereum-price-in-mix">Ethereum price in mix</h2>
At the time of writing, Ethereum has jumped by 11.42% in the past 24 hours to $2,645.07. The cryptocurrency has grown from a 24-hour low of $2,353.93 to its price at the moment, driven in part by the hype ravaging the market following the&nbsp;<a href="https://u.today/breaking-sec-officially-approves-spot-bitcoin-etfs-btc-price-unfazed" rel="noopener noreferrer nofollow">approval</a> of a spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC).
This approval is boosting sentiment that the&nbsp;<a href="https://u.today/ethereum-eth-primed-for-rally-to-3400-analyst-predicts-ahead-of-etf-approval" rel="noopener noreferrer nofollow">spot Ethereum ETF might also be on the way</a>. This has further pushed retail sentiment as well, with Ethereum now notably eyeing the $2,700 benchmark.

Ethereum (ETH) Jumps 11.4%, Here's How Whales Are Changing Game

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