A recent report highlights the increase in Ethereum holdings by a smart money investor, accumulating 24,500 tokens in September. Despite the falling price of Ethereum, this accumulation equated to over $39 million. The data is backed by another finding from CryptoQuant, showing a surge in ETH outflows from Binance during the same period. The strategy of “Buy the Dip” is recognized as a common approach for whales to accumulate assets during price declines. These findings reaffirm the confidence of experienced investors in Ethereum’s long-term potential.
AI Sentiment: Positive