Whale Investors and Corporations Bulk Buy Ethereum, ETH Price Surges 22% in a Week

As the price of Ethereum (ETH) has risen by 22.3% over the past week, there has been a continued trend of massive purchases by whale investors. Several major investors have been buying hundreds of millions of dollars worth of ETH, supporting the bullish sentiment in the market. It appears that growing interest from institutional investors is one of the primary drivers of the price increase. According to Lookonchain, the whale wallet 0x9684 purchased 27,806 ETH from FalconX on the 16th, accumulating a total of 68,141 ETH over the past four days. Another whale, 0x35fb, also bought 8,262 ETH from Kraken on the same day, amassing a total of 83,312 ETH over the past six days...