In contrast, new information from Santiment has uncovered a surge in the acquisition of Ethereum by prominent investors, commonly referred to as “whales.” As of May 19, these influential individuals collectively possessed a staggering 76.01 million ETH in the top 1,000 Ethereum wallets. Subsequently, upon receiving reports from Bloomberg analysts regarding the potential endorsement of ETH ETFs by the SEC, these whales experienced a substantial boost in their holdings. By May 26, their combined assets skyrocketed to 76.52 million ETH, with an astonishing purchase of 510,000 ETH taking place within a mere five-day period.
