# Large holders of the Ethereum token are beginning to increase their exposure amid new developments in the token’s ecosystem.

*web3 · news · 2026-01-28 · CoinGape*

## Key points

- Whales accumulated over $203 million in Ethereum this week before the ERC-8004 upgrade.
- Institutional investors like World Liberty Financial and BitMine shifted significant assets into Ethereum recently.
- ERC-8004 will enable AI agents to interact on Ethereum and assign portable, verifiable identities.
- The upgrade poses security risks, including potential Sybil attacks from entities creating multiple fake identities.

**Companies:** World Liberty Financial, BitMine

[Read the full story on CoinGape](https://coingape.com/ethereum-whales-buy-375m-worth-of-eth-amid-its-erc-8004-upgrade-this-week/)

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