A mysterious institutional entity has bought more than $946 million worth of Ether in just seven days. In the past week, corporate holders of ETH bought more than $1.3 billion worth of Ether.
The whale tracker said the entity is using six different wallets to store its Ether, which it acquired from Galaxy Digital, FalconX and BitGo. The wallet with the most Ether hasThe buying comes as Ether addresses with over 10,000 ETH in holdings reached 868,886 on Saturday, the highest it’s been in a year,to $523 billion on Monday, boosted by a 21% rally in Ether over the past seven days to cross theMore than 304,000 ETH, worth over $1.
BitMine Immersion Technologies bought the lion’s share of ETH, as the company bought more than 208,000 ETH, worth more than $900 million, in the past week, which was followed by SharpLink Gaming buying $303 million worth of Ether.Technical analysts have also turned bullish on Ether, with some predicting that the asset might reach as high as the $20,000 mark for the first time in the coming months.On the flip side, some industry experts are cautioning investors.
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