Ethereum ($ETH) dip buying begins in earnest... Whales and corporations amass 280 billion won in massive purchases.

Recently, Ethereum (ETH) price dropped by 15%, and while the market is experiencing a temporary adjustment, large investors (whales) are accelerating their buying momentum in the opposite direction. According to the analysis platform Lookonchain, a new wallet has received approximately 24,294 ETH (about 11.65 billion won) from the digital asset broker FalconX in the past 24 hours. At the same time, another whale was confirmed to have transferred 15,627 ETH (about 7.49 billion won) from a wallet associated with Galaxy Digital. The movement of such a large amount of ETH to major addresses in a short period is interpreted as a signal that key investors are buying Ethereum at low prices after the price decline. Ethereum fell to $3,354 (about 4.66 million won) on August 3rd, a decline of about 15% in a week. This is the lowest level since mid-July and is analyzed as a result of the stock market's weakness due to poor US employment indicators. However, there is a clear movement to take advantage of the short-term decline as a buying opportunity. Particularly with continued corporate interest, Sharplink Gaming recently added about 18,680 ETH (about 8.95 billion won), expanding its Ethereum asset size to around 1.8 trillion won. Sharplink has clearly stated its direction to develop its business as an "Ethereum-centered strategic platform," raising the possibility of continued purchases. Experts believe that such whale buying and corporate-centered real demand can support ETH's price in the medium to long term. Especially, the fact that institutional trust remains high even after strong selling pressure recently serves as a basis for long-term optimism about Ethereum.