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Ethereum breaks $4K as whales move $667M – How did ETH prices react?
In a shocking turn of events, Ethereum (ETH) has finally broken the psychological barrier of $4,000 as whales move an astonishing $667 million worth of the cryptocurrency. This sudden surge in buying activity has left many wondering how ETH’s price reacted to this massive influx of capital.
As we all know, it is not uncommon for significant institutional investment to send ETH prices into a frenzy. However, what has caught the attention of market observers is the sheer scale and rapidity at which these whales have accumulated the cryptocurrency. In a span of just four days, six new wallets have managed to amass an eye-watering 171,015 ETH ($667 million) from reputable exchanges such as FalconX, Galaxy Digital, and BitGo.
This sudden influx of capital has sent shockwaves through the Ethereum ecosystem, with many attempting to decipher the motivations behind this move. One thing is clear: this level of buying pressure has pushed ETH prices to unprecedented heights, leaving analysts scrambling to make sense of it all.
As the dust settles on this extraordinary move, one thing is certain – this is not a temporary blip on the radar, but rather an indication that institutional investment in Ethereum has reached new levels.
Source: ambcrypto.com
