Wrapped Ethereum Just Logged a Five-Year Whale Record: Here’s Why It Matters for ETH
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Wrapped Ethereum (WETH) saw roughly 113,000 whale transactions above $100,000 in the past week, the highest weekly level since May 2021, according to Santiment. The surge indicates large capital is flowing into Ethereum trading, lending, liquidity and DeFi infrastructure rather than remaining idle, signaling increased crypto adoption and potential market impact.
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Wrapped Ethereum (WETH) recorded 113,000 whale transactions worth more than $100,000 over the past week. This figure is its highest level since May 2021, according to on-chain analytics platform Santiment.
The surge indicates that significant capital is moving through Ethereum’s trading, lending, liquidity, and decentralized finance (DeFi) infrastructure rather than remaining idle in wallets.
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