23 Ethereum Whales and Institutions Acquire 681,103 ETH Worth $2.57 Billion Since July 1

Data from Lookonchain reveals that between July 1 and July 21, approximately 23 institutional investors and whales have collectively acquired around 681,103 Ethereum, valued at an estimated US$2.57 billion. This significant accumulation highlights a growing confidence among large-scale market participants in Ethereum’s long-term value proposition. Such concentrated buying activity often signals strategic positioning ahead of potential network upgrades or broader market shifts. Monitoring these sizable transactions provides valuable insights into institutional sentiment and liquidity trends within the cryptocurrency ecosystem.