Ether ‘mega whales’ continue buying through weekend dip

Ether “mega whales” continued buying the cryptocurrency, which dipped and began recovering over the weekend.

Ether whales continued to buy the cryptocurrency in droves, according to onchain analysts, as ETH recovers from a weekend dip. 

“Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 million worth of Ether (ETH) from over-the-counter (OTC) trading at Galaxy Digital.

The whale address currently holds 79,461 ETH, worth around $282.5 million. 

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