Recent data shows that new investors and early adopters have withdrawn an impressive $76.95 million worth of six Ethereum-based tokens from cryptocurrency exchanges within the last week. These tokens include Lido DAO (LDO), Ethereum Name Service (ENS), Ethena (ENA), Pepe Coin (PEPE), Uniswap (UNI), and Aave (AAVE).

This surge in token withdrawals coincides with optimism following the approval of the Spot Ethereum ETF, leading to speculation that the altcoin market may be experiencing a resurgence. Here's a breakdown of the recent accumulation by new investors:

Ethena Leads the Way
Ethena experienced the most significant increase, with a 31.05% rise over the past seven days. Three new multisignature wallets withdrew a total of 54.31 million ENA, valued at $45.61 million. Notable transactions include one from wallet "0xe68," which withdrew 34.65 million ENA and gained $3.2 million in profit within a week. Additionally, wallets "0xc7e" and "0x8be" collectively withdrew 19.66 million ENA, generating $657,000 in just 24 hours.

Pepe Coin Surges by 45% in Seven Days
Pepe Coin saw the most significant percentage increase among the tokens, with a 45.5% rise over the past week. A whale wallet, "0x837," made headlines by withdrawing 982.6 billion PEPE, worth $13.55 million, from Binance in the past two days. This whale likely acquired PEPE at a lower price, contributing to the significant price surge and realizing a profit of $594,000, reflecting a 4.39% gain. However, the current price of PEPE is experiencing a decline, dropping 4.55% to $0.00001376 as of Friday, May 24th.