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New Ethereum Whale Receives $84 Million in ETH
Another whale received 15,627 ETH tokens ($57 million) from an over-the-counter wallet linked to Galaxy Digital
This shows that whales continue to buy ETH tokens following the recent correction
15% correction
On Aug. 3, the ETH price dropped to $3,354, the lowest price since July 17. The token had plunged by as much as 15% within just a week
The correction was exacerbated by the recent stock market pullback driven by underwhelming jobs data
Nevertheless, the recent buying spree shows that whales are still interested in ETH
SharpLink's new EHT purchase
Apart from the aforementioned whales, ETH is seeing more corporate demand, with SharpLink Gaming acquiring another 18,680 tokens for an estimated $67 million
The upstart company, which aims to be Ethereum's Strategy, now holds roughly $1.81 billion worth of ETH tokens.