ETH saw $515 million institutional inflow as SharpLink aggressively accumulated 144,501 tokens in nine days. Also, a rare Coinbase premium hints that U.S. whales are back in accumulation mode.

Ethereum [ETH] recent price actions have made investors turn heads.

Just recently, Lookonchain confirmed through their recent X tweet, that SharpLink has added another 32,892 ETH, amounting to $115 million, to its balance sheet, at press time.

This brings its nine-day gains to 144,501 ETH, valued at approximately $515 million.

This kind of aggressive accumulation does not happen in isolation. If you look at the broader on-chain data, there is a clear pattern: ETH demand is picking up steam on U.S.-based platforms and Coinbase is leading the surge.

Interestingly, ETH is trading slightly higher on Coinbase than on other global exchanges—a sign that U.S. whales and institutions may be stepping in ahead of the crowd.