So many whales buying up ETH right now. I’m not worried about the future of Ethereum

I’m starting to see some people that are concerned and some even panicking about the current situation.

I know that it’s very normal for people to be frustrated during these time. But still, I think that anyone investing in Ethereum should be far from worried.

I won’t be talking about price action as we’ve all seen how consistent it is already. I’ll be talking more about the fundamentals and support that Ethereum has. Ethereum is probably the most reliable out of all chains and will always get the job done at the end of the day.

This is why I’m not too surprised seeing so many whales buying up ETH like its a running out. Look at Etherscan and check out the top 50 accounts and how much they’re stacking up. Bitdao alone has been adding more than 360 ETH on a DAILY basis and has already accumulated more than 500 million dollars worth of ETH in its treasury.

You can’t ignore all these whales and giant projects buying up huge amounts of ETH at a difficult time like this one. This makes me feel a lot more relieved about the future of Ethereum as a whole. The support is still there and its actually stronger than ever