Recent market data shows that a significant amount of ETH has been accumulated by large holders in the last 48 hours. Whales have purchased over 1.14 million ETH, sparking speculation within the crypto community. In addition, Whale Alert reports major Ethereum transactions, indicating movement of ETH between unknown wallets. This accumulation may suggest that institutional investors are expanding their ETH holdings. The preparations for the Ethereum Pectra hard fork activation are progressing, with developers launching a new devnet and outlining a timeframe for mainnet activation. Overall, the crypto market is seeing increased activity and anticipation for future upgrades like Fusaka.



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