Institutional investors and whales have been increasing their Ethereum holdings over the past few weeks.
While many retail investors have been shaken out of the market due to the high volatility, institutional demand for Ethereum is rising.
Ethereum’s scalability issues have drawn many investors and developers away over the past few years. However, the London hard fork slated for July seems to be attracting a lot of attention.
Alongside the “ultra sound money” meme, institutional demand for Ethereum also appears to be picking up.
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