Whales Accumulate $12.42M ETH in 2 Hours

Large-holder accumulation is often read as a sentiment signal, but three addresses moving size in a two-hour window is a narrow sample — it says more about a handful of actors than about the broader market. What matters is whether similar flows persist across more wallets or fade as quickly as they appeared. The open question is whether this is positioning ahead of something or routine treasury reshuffling; on-chain data alone rarely settles that.