US EditionBig Money Bets on Ethereum: $220M in ETH Bought Amid Price Dip - Blockonomi
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Big Money Bets on Ethereum: $220M in ETH Bought Amid Price Dip - Blockonomi
TLDR: A whale spent over $220M on Ethereum and staked it all through Lido amid price weakness. Accumulation continues even with $5M in unrealized losses, showing long-term conviction. ETH addresses holding 1K–10K tokens added 500K ETH since mid-2024, per CryptoRank. ETH’s bullish flag pattern may target $8K as the macro setup aligns with whale behavior. Ethereum’s recent market dip has not discouraged deep-pocketed investors. On the contrary, a…
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