Recently, on-chain data shows that whales/institutions have been continuously buying ETH. Although some addresses were previously flagged as potentially belonging to Erik Voorhees, he has explicitly denied this.

The whale purchased another 17,084.3 ETH eight hours ago, valued at approximately $36.75 million. Since March 10, through 5 associated wallets, it has spent a cumulative $222 million over 10 days to purchase 103,300 ETH, with an average holding cost of approximately $2,151 per ETH.
#Gate13周年全球庆典 $ETH