Whales absorb 330,000 eth in one day

On Friday, February 7, Ethereum whales had an important activity. They absorbed more than 330,000 Ethers (ETH) in one day.

According to the data of the Cryptoquant analysis firm, these addresses specifically accumulated 333,124 coins, reaching a global total of 883 million dollars.

This massive accumulation broke the record recorded in February 2023, when the whales absorbed about 244,000 ETH coins. With the more than 330,000 eth absorbed, Ethereum whales Now they are accumulatory of a total of 19.2 million eth, equivalent to almost 50,000 million dollars.

The accumulation addresses are wallets that ETH receives continuously without making any outgoing transaction. These may belong to long -term holders, institutional investors or entities that strategically accumulate Ethereum instead of actively trade with it.

The great peaks in the entrances to these directions often indicate a strong confidence in the long -term potential of Ethereum. Recent trends show that Such increases frequently precede pricing rebounds.

Now, this accumulation of ETH occurs at a time when the price of that digital asset 20.7% has fallen so far this year. In addition, according to the American Bank JPMorgan, the Ethereum network faces pressures by other decentralized networks and applications (DAPPS) that are migrating in search of greater efficiency, as cryptoics reported.

To this is added that the ETH price, measured in terms of Bitcoin (BTC), has fallen to levels not seen for four years, suggesting that the law and demand law is affecting Ethereum, while BTC maintains its attractive as a reserve of value and digital gold.

The accumulation of Ether by these great directions could be interpreted in several ways. On the one hand, It could indicate a long -term bet for the recovery and growth of Ethereumespecially if the continuous development of its ecosystem and technological improvements are considered. On the other hand, it could be an accumulation strategy to take advantage of future price increases, anticipating that current market movements are only temporary.

Whale behavior not only affects the market in the short term, but can also influence the general perception of the market on the value and future direction of Ethereum. The purchase of large volumes of ETH by these entities can provide impulse to prices, although it can also reflect an accumulation strategy in low times to maximize long -term profits.

This movement of Ethereum whales demonstrates strong market activity, especially in a context of volatility and price readjustment. While some see this as a sign of trust in the Ethereum Network, others could see it as an opportunity to speculate on the future of one of the largest cryptocurrencies in the world.