Lookonchain stated that there had recently been a marked increase in the movement of large-scale owners of the Taifeng and that the market ' s interest in ETH had risen. Transfers and transactions in multiple chains suggest that part of the money is being diverted to long-term holding and pledge.
Whale buys ETH again.
A sleeping wallet bought 10,501 ETHs with US$ 20 million after three months of suspension. Arthur Hayes also had 1,332.5 ETHs, valued at approximately $2.53 million.
New wallet removed and pledged.
The other two new wallets removed more than 86,000 ETH from Binance and Gemini and used the entire funds to pledge. At the same time, an Etherwood token was issued by a participant who moved 2,000 ETHs after 11 years of silence.
Increased activity on the chain
These movements reflect a shift in some large amounts of money from exchange to chain holding and pledge. For the market, such centralized purchases and coins usually magnify the short-line focus of ETH.