Crypto whales continue to accumulate altcoins despite the general market downturn.
According to data shared by blockchain data platform Lookonchain, two whale wallets were seen accumulating significant amounts of Ethereum (ETH) yesterday.
One whale withdrew 10,000 Ethereum worth $31.5 million from the Binance exchange in the afternoon and staked them through the Pendle and Renzo platforms.
Another whale was reported to have withdrawn 15,282 Ethereum worth $48.2 million from Binance and OKX exchanges.
As the price of Ethereum started to fall alongside Bitcoin, it dropped by 4.4% in the past 24 hours to $3,105. QCP analysts predict that the sharp fluctuations in ETH price will continue in the short term.
