Ethereum Still Bullish: Richest ETH Wallets Go On Massive $124 Billion Buying Spree

Ethereum Still Bullish: Richest ETH Wallets Go On Massive $124 Billion Buying Spree

Ethereum whales have been bullish for a long time now, even through the stretched-out bear market of the last year, and their accumulation trends prove this. According to Santiment, the largest Ethereum wallets have been stacking up ETH at an alarming rate, suggesting that these large investors expect the price to keep going up.
Ethereum Whales Buy $124 Billion Worth Of Tokens
Santiment reports that the top 200 Ethereum whales have been buying ETH since November 21, 2022. This was just a few weeks after the FTX crypto exchange filed for bankruptcy, sending cryptocurrency prices across the space into a downward spiral. ETH prices would eventually fall as low as $900 and as fear grew, so did the opportunity for buying.
However, even after prices began to recover once more, breaking above $1,000, these large investors did not reduce their buying. Santiment reveals that they continued to purchase tokens and by November 2022, these top 200 Ethereum wallets have bought up $124 billion worth

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