Analysis: 9 wallets hoarded 614,000 ETH in half a month, worth more than $2.1 billion

According to Huoxun Finance, on July 26, according to the monitoring of on-chain analyst Yu Jin, since July 10, multiple newly created wallets have hoarded a large amount of ETH through channels such as Kraken, FalconX, GalaxyDigital, and Binance. The 9 wallets that he personally paid attention to alone have hoarded up to 614,000 ETH in the past half month, with a value of more than US$2.1 billion. And the hoarding of some addresses is still continuing. These whales/institutions, together with ETH spot ETFs, known ETH reserve companies, etc., have helped push ETH from US$2,700 to US$3,700 in the past half month.