Ethereum whales and institutions have accumulated roughly $375 million worth of ETH ahead of the ERC-8004 upgrade going live this week. On-chain data shows large wallets buying aggressively, with some acquiring tens of thousands of $ETH in just days. Institutional players, including Tom Lee–backed BitMine and World Liberty Financial, have also increased exposure, with a significant portion of holdings now staked.

The ERC-8004 upgrade will introduce on-chain identities for AI agents, enabling permissionless interaction across #Ethereum platforms. While there are noted security risks, the scale of accumulation suggests major players are positioning for a potential upside move.