Ethereum whales are becoming more active, with the daily number of large transactions exceeding 10,000—a level not seen since August.
One notable whale, who acquired 24,957 ETH in early 2017, has recently re-entered the market after three years by transferring 6,250 ETH to Kraken.
Two other whales deposited 11,286 ETH, totaling $36 million, into Binance, indicating a growing wave of activity among major Ethereum holders.
The Ethereum spot ETF recorded a net inflow of $147 million on November 13, with the Fidelity Ethereum ETF leading with a single-day net inflow of $102 million.