Cryptocurrency news service BSCN reported that Ethereum whales purchased $322 million worth of ETH in the last 48 hours. The media stated, "This buying trend is occurring alongside a record-high increase in staking demand. Currently, approximately 3.48 million ETH (about $8 billion) are waiting in the staking queue. In contrast, the amount of ETH waiting for withdrawal is only 441,000 ETH. This means that long-term investors are accumulating. With purchases by whales and Bitmain (BMNR), and an increase in staking queue volume, the ETH supply and demand structure is the most positive it has been in recent months."
