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Ethereum whale transactions hit record highs, signaling institutional interest despite a fearful market.

Market News
21 Jul 2026, 17:21 WIB
Dailycoin
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Bullish
Ethereum whale transactions hit record highs, signaling institutional interest despite a fearful market.

Wrapped Ethereum (WETH) saw 113,000 whale transactions over $100,000 in the past week, the highest since May 2021. This surge is driven by accelerated U.S. spot Ether ETF inflows, BlackRock’s ETH products, and increased corporate treasury holdings like Bitmine. These activities suggest growing institutional demand and strategic positioning for Ethereum, even as the market experiences "Extreme Fear."

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