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Large Ethereum holders accumulated roughly $950 million in $ETH as the token bounced 22% off its June low, according to on-chain data reported by Yellow.com.
The buying cluster at depressed price levels points to coordinated accumulation by wallets large enough to move markets.
What the On-Chain Data Shows The $950 million figure reflects purchases attributed to so-called whales — addresses that hold enough ETH to register as significant actors on the blockchain.
On-chain data captures actual token flows between wallets, making it a more direct read of large-holder behavior than exchange order books alone.
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