Large investors took advantage of Ethereum’s price crash last week to increase their holdings, according to blockchain analytics firm Lookonchain. There is evidence to suggest that wealthy investors with significant holdings purchased Ethereum during the price turbulence, indicating their belief in future gains. Additionally, several ancient Ethereum whales, who had been dormant for a decade, have reemerged this year. The accumulation of Ethereum by these whales despite the dip in prices implies the possibility of another price increase in the near future.
AI Sentiment: Positive