Derived from Coinotag, Ethereum whale accumulation has surged by 52% since early Q2, with large holders adding 7.6 million ETH. This contrasts with a 16% reduction in retail holdings, signaling potential market bottoming. On-chain data from CryptoQuant shows rising spot volumes after the $3,000 price dip, historically linked to trend reversals. The upcoming Fusaka upgrade on December 3 is expected to enhance Ethereum’s scalability, potentially attracting more DeFi activity and lowering transaction costs.
Ethereum Whales Add 7.6M ETH, 52% Increase Amid Market Dip
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