Despite the emerging pattern of selloffs that have prevailed amid the market downturn witnessed in the crypto space, large Ethereum whale addresses have recently added 947,940 ETH valued at $1.03B in a day marking the fifth largest daily accumulation the past year.
The ETH tokens accumulated by these whale addresses represent 1.8% of the total ETH supply, as disclosed by the crypto analytics platform Santiment. Notably, the firm observed the massive accumulation in the late hours of Tuesday.
(by Ammara Mubin)
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