Data: Several on-chain addresses have accumulated a total of 391,000 ETH this week, worth approximately $1.4 billion.

By: theblockbeats.news|2025/07/20 02:52:06

BlockBeats News, July 20th, according to EmberCN's statistics, this week, driven by massive net inflows into Ethereum ETFs, a US stock company's ETH treasury plan, and other "aggressive accumulation" initiatives, the price of ETH has risen from $3,000 to break through $3,600. Some on-chain addresses have been observed this week accumulating up to 391,000 ETH through various channels, worth approximately $1.4 billion:

The "ETH version of MicroStrategy," SharpLink Gaming, purchased 88,800 ETH this week, worth $293 million, at an average price of $3,305, bringing its total ETH reserve to 358,000;

A whale accumulated 122,691 ETH through FalconX, worth $442 million, at an average price of $3,213;

A whale accumulated 103,274 ETH through Kraken, worth $374 million, at an average price of $2,885;

A whale accumulated 47,121 ETH through FalconX, worth $169 million, at an average price of $3,545;

A whale used 64.04 million USDT on-chain to purchase 18,557 ETH, at an average price of $3,451;

A whale used 36.6 million USDT to purchase 10,882 ETH, at an average price of $3,363.

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

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