According to Deep Tide TechFlow news, on August 9, analyst Yu Jin monitored that over 1.035 million ETH (, valued at approximately $4.167 billion ), has been accumulated by multiple unknown whales/institutions through channels such as exchanges or institutional business platforms since July 10 over the past month. The price of ETH rose from $2,600 to $4,000 during this month, an increase of 45%. Most of the ETH accumulated in these addresses should belong to institutions or U.S. companies holding ETH reserves (, excluding SBET, as the SBET address is known ). The average price of these accumulated ETH is around $3,546.

ETH-0.06%
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