On July 10, the crypto assets market once again boiled over, with the price of Ethereum (ETH) briefly breaking through the $2800 mark, and as of the time of writing, the price is $2795.32. This breakthrough has sparked active participation from institutional investors and whale accounts.

According to on-chain data, in the past 24 hours, at least 7 large institutions or Whale accounts have cumulatively purchased approximately 128,000 ETH, with a total value reaching $358 million. Such a scale of concentrated buying undoubtedly provides strong support for the price of ETH.

Among them, a newly created wallet address 0x35fb stands out particularly. This account withdrew over 54,000 ETH, worth about $151 million, from the well-known exchange Kraken in just 16 hours. At the same time, Abraxas Capital actively participated, withdrawing more than 40,000 ETH, worth nearly $114 million, from two different platforms within 20 hours.

It is worth noting that SharpLink Gaming, which already holds a large amount of ETH, continues to increase its holdings by purchasing over 5,000 ETH through over-the-counter trading, with an investment amount reaching $13.51 million. This indicates that some institutional investors remain strongly optimistic about the long-term prospects of ETH.

The market has also observed some interesting trends. Previously, the hacker involved in the GMX project converted approximately $32 million worth of assets (excluding FRAX) into 11,700 ETH. Another address, 0x8C08, purchased over 9,000 ETH for $25 million USDT, with an average price of $2,721.

In addition, address 0x3c9E transferred 4,000 ETH worth 11.18 million to the lending platform, while user pfm.eth also invested 8 million USDT to purchase 2,900 ETH at an average price of 2,759.

These large-scale buy-ins not only reflect the confidence of institutions and whales in Ethereum, but may also signal that the crypto assets market is about to迎来新一轮上涨行情. However, investors still need to be cautious and closely monitor market changes and potential risks.