According to Glassnode data, ETH's largest holders diverged in their direction during August. Whales (holding ≥10,000 ETH) drove the rally, with net inflows peaking at over 2.2 million ETH on the 30th day, though their accumulation has now paused. Meanwhile, large whales (holding between 1,000 and 10,000 ETH) have resumed their accumulation after weeks of reductions, with net increases exceeding 411,000 ETH on the 30th day.