<ul data-eligibleForWebStory="true"><li>Ethereum whales have shown renewed interest in the market with a significant increase in large transactions and transaction volumes.</li><li>Large transaction volumes rose over 100% in a day, with a total value of $7.84 billion in Ethereum moved by whales.</li><li>The number of transactions involving at least $100,000 doubled from 3,080 to almost 6,000 within the same period.</li><li>The volume of Ethereum transacted by whales increased by over 150%, from 1.18 million ETH to 3.03 million ETH.</li><li>This spike in large transactions coincided with Ethereum's price increase from $2,500 to $2,700, indicating buying activity by whales.</li><li>Ethereum historically leads altcoin seasons due to its dominance and influence on other altcoins built on its infrastructure.</li><li>The rise in ETH price is expected to trigger the next altcoin season, but Bitcoin's dominance needs to decrease for it to start.</li><li>For an altcoin season to take off, Ethereum must outperform Bitcoin, which has not happened yet as ETH is yet to reach a new all-time high.</li></ul>

Ethereum Large Transactions Jump 100% In 24 Hours, Will ETH Whales Drive Altcoin Season?

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