Newly created wallet hoards a large amount of ETH, pushing prices up to 3700Since July 10th, multiple newly created wallets have hoarded a large amount of ETH through channels such as Kraken, FalconX, Galaxy Digital, Binance, etc. Only the 9 wallets I have noticed (all of which have been sent separately before) have accumulated up to 614000 ETH worth over 2.1 billion in the past half month. And the hoarding of some addresses is still continuing. These whales/institutions, together with ETH spot ETFs, known ETH reserve companies, etc., have helped push ETH up from 2700 to 3700 in the past half month. This article is sponsored by Bitget | @ Bitgetzh