Major ETH Whales Boost Holdings by Over 43,000 ETH Worth $145M Amid Institutional Accumulation Trend

Recent data from EmberCN reveals that two prominent Ethereum (ETH) whales, likely institutional investors, have significantly expanded their holdings. Over the past few hours, these entities acquired an additional 43,591 ETH, representing approximately $145 million in market value. One key address, identified as “0x8eE…b7d,” executed a purchase of 32,368 ETH via FalconX six hours ago, bringing its total accumulation since July 19 to 138,345 ETH, valued at $503 million with an average acquisition price of $3,644 per ETH.

Meanwhile, another institutional buyer operating through Kraken has continued its accumulation strategy, adding 8,223 ETH just three hours ago. This address has amassed a total of 58,156 ETH since July 14, with a cumulative value of $211 million and an average purchase price of $3,564 per ETH. These sustained buying patterns underscore growing institutional confidence in Ethereum’s long-term value proposition.