According to on-chain analyst Ember monitoring, in the past month since 7/10, more than 1.035 million ETH (4.167 billion USD) have been hoarded by multiple unknown whales/institutions through exchanges or institutional business platforms.
The price of ETH also rose from $2,600 to $4,000 during the month, an increase of 45%. Most of the ETH hoarded by these addresses should belong to institutions or US stock companies that reserve ETH (excluding SBET, whose address is known). The average price of these hoarded ETH is about $3,546.
Over 1.035 million ETH have been hoarded by multiple unknown whales through exchanges or institutional business platforms in the past month
2025-08-09 01:59:52
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