Ethereum Whales increase their buying spree
Earlier this week, Ethereum Whales moved 235,000 ETH from centralized exchanges in just an hour. This happens to be the second-largest ETH outflow in just one hour, Davis revealed. Some days ago, Graysacle ETH trust also purchased additional 10,000 ETH.
Davis explained that Ethereum’s on-exchange prices have dipped to a new low. He noted that buyers have picked up the pace with their purchase at the moment. Whales are aggressively accumulating Ethereum, he said. Davis believes that Ether is still going to reach a 5-digit asset considering the shortage of supply.
Amid the current scaling issues of the network, Ethereum co-founder, Vitalik Buterin touted rollups as a possible solution some weeks ago. He revealed that the Layer-two solution will help Ethereum to scale by 100x before the release of ETH 2.0. Also, he said that the rollups will be implemented very soon.