Bitmine, a company linked to Fundstrat and Tom Lee, purchased 27,316 ETH for $113 million, raising its holdings to 3.34 million ETH (≈$13.3 billion), close to 1% of the total supply. The purchase is part of a consistent institutional accumulation strategy and signals confidence in Ethereum as an asset.
An Ethereum ICO investor transferred 1,500 ETH (~$6 million) to Kraken after eight years, realizing a 12,971x return on the initial investment. The wallet still holds 18,500 ETH, demonstrating long-term expectations.
However, the market shows clear divergence: some whales are selling or taking short positions, while others are buying at lows with precise timing. Ethereum trades near $4,000, with a market capitalization of $482 billion, placing the token at a critical point where institutional and whale activity will likely determine its next direction.
Source: https://x.com/lookonchain/status/1983405630645051876
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