Large Ethereum holders, known as whales and sharks, have significantly increased their ETH holdings over the past month, while retail traders have been taking profits. Despite sideways trading, institutional interest remains strong, with spot Ether ETFs seeing consistent inflows. Layer 2 networks and Ethereum-based services are also experiencing a surge in activity.
- Whales and sharks holding 1K-100K ETH added 1.5M ETH (+3.7%) in 30 days, now controlling 25% of circulating supply.
- Layer 2 networks (Base, Arbitrum, Optimism) and Ethereum services (ENS, lending protocols) saw transaction volumes surge by 200-300%.
- US spot Ether ETFs attracted $1.37B in inflows over 19 days, with BlackRock's iShares Ethereum Trust leading the demand.
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