PANews reported on May 24 that on-chain analyst Ember tweeted that with the approval of the 19-4 filing for the ETH spot ETF, whales are betting on the speculation of ETH ecosystem tokens. In the past 5 hours, a whale (or institution) transferred $19.75 million USDT to Binance to purchase LDO, UNI, AAVE, and ENS, and then withdrew them on-chain through 9 different addresses. This includes 3,294,887 LDO ($7.54 million), 427,630 UNI ($3.88 million), 39,761 AAVE ($3.82 million), and 82,040 ENS ($1.92 million).

Additionally, the whale (or institution) purchased 6,486 ETH (worth $23.6 million) at an average price of approximately $3,110 six days ago, currently realizing a floating profit of $3.63 million (+18%).