Ethereum billionaire whales have added 3.5 million $ETH to bring their holdings to a new ATH of 28.55 million per data from santimentfeed
shortly after the Ethereum blockchain's migration to using a proof-of-stake consensus mechanism according to previousDespite the telling whale activity and new blockchain dynamics introduced by the Merge, the price of ETH has continued to trade largely in the red.
ETH is down about 6.21% in the last month, according to data fromHowever, analysts looking on the bright side have noted that the price of ETH would receive a boost when whales currently redistributing return to active accumulation. Similarly, they have
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