Despite Ethereum’s (ETH) Correction, Whales Continue to Amass ETH at Record Rates

Despite Ethereum’s (ETH) Correction, Whales Continue to Amass ETH at Record Rates

Ethereum (ETH), like most of the crypto market, suffered a major decline as U.S. Tax concerns and China’s increasingly rigid stance on mining ignited another market sell-off.

The sell-off saw ETH lose more than 15% of its value on Tuesday, November 16th, resulting in ETH trading at as low as $4,144, its lowest price since October 28th. With the market now stabilizing, Ethereum is trading at $4160.90, at the time of writing.

The five day price chart for Ethereum (ETH). Source: Tradingview

Despite Ethereum’s faltering prices, whales have continued to grow their stakes in Ethereum (ETH).

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