🐋The daily transaction volume on the $ETH network is reaching new highs, and large whales are increasing their positions in the asset.

In July, Ethereum showed record results compared to previous months, as evidenced by increased activity on the network. The number of new addresses is also approaching the historic high reached in May 2021. The number of validators and the amount of ETH they stake are actively gaining momentum, reaching 1.1M and 36.1M, respectively.

A large institutional whale bought 11,062 ETH ($40.74M) on FalconX today. Over the past three days, it has already withdrawn 147,591 ETH ($544M) from FalconX, Galaxy Digital, and BitGo to five new wallets. Fundamental Global is raising $5B to purchase ETH for its balance sheet. SharpLink Gaming has collected more than 521,000 coins in two months, totaling $1.87B. ETH is outperforming BTC in all indicators of interest from large capital.

Against this backdrop, we are seeing decent growth in ETH, which has currently risen above $3,900, and I think it will gradually approach the $4,000 mark, which it will not take long to break through.