According to Cryptorank, over 1 million ETH have been withdrawn from centralized exchanges in the past month — accounting for approximately 5.5% of the total ETH held on these platforms.
This trend indicates that users increasingly choose to accumulate Ethereum rather than trade it. The recent Pectra upgrade, launched on May 7th, may be supporting this behavior and adding upward pressure on ETH’s price.
Additionally, according to data from CryptoQuant, on May 12th, whale wallets accumulated over 325,000 ETH — the highest amount ever recorded in a single day.
Over the past month, the world’s second-largest cryptocurrency has demonstrated outstanding growth potential, soaring 62.25% and becoming the best-performing coin among the Top 10 by market cap.
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