Ethereum: Retail investors sell, whale sharks buy

As Ethereum (ETH) continues to trade in a box range, whales and sharks are reportedly buying up the cryptocurrency in large quantities while retail investors are reportedly looking to realize profits.
Cryptocurrency analysis company Santiment recently posted on X’s forum, “1000
Ethereum "Whale Shark" wallet holding more than ETH but less than 100,000 ETH
"In the last 30 days, they made a total of 1.49 million ETH (approximately $3.79 billion) in net purchases, increasing their holdings by 3.72%." The ETH they hold accounts for approximately 27% of the total circulation.
The equivalent of 41.61 million ETH has been reached. Santiment analyzed that “major whale and shark wallets are rapidly buying up ETH while retail investors are realizing profits.”
Despite whale net purchases of ETH and growing adoption of the ecosystem, the price of ETH only recorded a slight increase. As of 2:45 p.m. on the 16th, ETH was trading at 1.4666.
On the currency market website CoinMarketCap, it was up 2.36% from 24 hours ago and 4.93% from seven days ago, which is a 46.64% drop from its all-time high.