Over 1.1 Million ETH Accumulated by Multiple Whales and Institutions in the Past Month, Worth Approximately $4.78 Billion

According to Jinse Finance, on-chain analyst Yujin has observed that since July 10, over 1.1 million ETH (approximately $4.78 billion) have been accumulated by several unknown whales or institutions through exchanges or institutional service platforms. The average price of the accumulated ETH is around $3,584. During this period, the price of ETH rose from $2,600 to $4,300, an increase of 65%.