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<ul>
 <li>Ethereum whales have collectively acquired over 133,000 ETH, worth $249.5 million, signaling a notable trend in accumulation.</li>
 <li>Large transactions in Ethereum exceeding $100,000 surged by 65.99% in the past 24 hours.</li>
 <li>Ethereum’s price jumped 11.42% to $2,645.07 amid heightened market sentiment following the SEC’s approval of a spot Bitcoin ETF.</li>
</ul>
<p>In a significant development within the cryptocurrency landscape, Ethereum (ETH) whales are making waves with substantial accumulations, propelling the digital asset to an 11.42% price surge.&nbsp;</p>
<p>Address “0xAA15” executed a strategic move by withdrawing 5,762 ETH, valued at approximately $15.06 million, from Binance today. This latest transaction adds to its impressive portfolio, as it has amassed a total of 50,733 ETH, worth a staggering $99.2 million, since September 19, 2023.&nbsp;</p>
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   <p lang="en" dir="ltr">Giant whales continue to accumulate <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>!<br><br>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 $1,955 since Sept 19, 2023.<br><br>0x9314 spent 7.29M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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></p>— 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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<p>Meanwhile, address “0x9314” displayed similar conviction by investing 7.29 million USDT to acquire 2,800 ETH, marking another substantial addition to its robust holdings. This whale now holds a remarkable 82,780 ETH, totaling around $150.3 million.</p>
<p>The influx of large transactions in the Ethereum market is also catching attention. There is a surge of 65.99% in transactions exceeding $100,000 in the past 24 hours, amounting to a staggering $8.2 billion. This surge indicates a notable shift in Ethereum’s market dynamics, with major players actively participating in substantial transactions.</p>
<p>Fueling this momentum is Ethereum’s price surge, reaching $2,645.07 in the last 24 hours. This surge is attributed to the market hype following the approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). The approval has generated positive sentiment and increased anticipation for a potential Ethereum ETF approval, pushing the cryptocurrency closer to the $2,700 milestone.</p>
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<p>The post <a href="https://cryptonewsland.com/ethereum-whales-mega-accumulation-spurs-11-price-surge/" rel="noopener noreferrer nofollow">Ethereum Whales’ Mega Accumulation Spurs 11% Price Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum Whales’ Mega Accumulation Spurs 11% Price Surge

Crypto News Land

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