ETH institutional funds continue to flow in: Fidelity up the ante 250 million dollars, and whales on the chain frequently buy

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西格玛学长2024/12/16 03:46

The Ethereum market has recently seen significant inflows of funds, and the active levels of institutions and whales continue to rise. According to Arkham's monitoring, Fidelity purchased $250 million worth of ETH last week, accounting for 16% of its historical inflows, indicating the long-term optimism of traditional financial giants towards ETH.

Meanwhile, according to Spot On Chain data, 9 hours ago, an institution withdrew 4,502 ETH from Binance through two multi-signature wallets, with an average price of about $3,895 and a total value of $17.54 million. These ETH were subsequently pledged to Kelp DAO, and as the ETH price rebounded above $4,000, the position increased by $517,000 (+ 3%) in a short period of time.

In addition, according to Lookonchain monitoring, a whale with $134 million in assets has bought $12.55 million of LINK (429,999) and $6.30 million of ETH (1,600) from the exchange in the past 48 hours. This series of large-scale on-chain operations highlights the core position of Ethereum in institutional and whale asset allocation, and further reflects the market's confidence in the future performance of ETH.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

ETH institutional funds continue to flow in: Fidelity up the ante 250 million dollars, and whales on the chain frequently buy

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