Large cryptocurrency holders on the Ethereum ($ETH) network have bought over $400 million worth of the second-largest digital asset by market capitalization over just 24 hours as their accumulation of ETH is seemingly picking up steam. According to data from Santiment shared by popular cryptocurrency analyst Ali Martinez, Ethereum whales purchased around 260,000 ETH tokens, worth nearly 425 million, within just 24 hours. The accumulation comes at a time in which the cryptocurrency lost around 4.7% of its value over the course of 7 days amid a wider cryptocurrency market correction that has seen the space’s market capitalization drop to near the $1 trillion mark.