Conversely, a recent report from Santiment has unveiled a surge in Ethereum accumulation by prominent investors, commonly referred to as “whales.” According to the data, on May 19, the 1,000 leading Ethereum wallets collectively possessed a staggering 76.01 million ETH. This upward trend in holdings was further fueled by the optimistic speculation surrounding the SEC’s potential approval of ETH ETFs, prompting these whales to intensify their investments. Remarkably, by May 26, their combined holdings had escalated to 76.52 million ETH, representing a noteworthy acquisition of 510,000 ETH within a mere five-day span.
