Resurgence of Institutional Interest Leads to Surge in s Price

In contrast, Santiment’s latest data has unveiled a surge in Ethereum accumulation by prominent investors, commonly referred to as “whales.” On the 19th of May, the foremost 1,000 Ethereum wallets collectively possessed a staggering 76.01 million ETH. Prompted by Bloomberg analysts’ speculation regarding the SEC’s potential endorsement of ETH ETFs, these whales notably augmented their holdings. As of the 26th of May, their combined holdings skyrocketed to 76.52 million ETH, with an astounding acquisition of 510,000 ETH transpiring within a mere five-day period.