Ethereum Whale Buys $155.7 Million in ETH as Price Nears $3,000
The post Ethereum Whale Buys $155.7 Million in ETH as Price Nears $3,000 appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In an unprecedented move, an Ethereum (ETH) whale has made a colossal acquisition of ETH, totaling approximately $155.7 million. This significant activity comes as the price of Ethereum nears the $3,000 mark, a bullish signal for investors and enthusiasts alike. According to a recent tweet by Spot On Chain, a notable cryptocurrency analysis firm, the anonymous whale has executed a series of strategic purchases within the last 24 hours. Acquiring a staggering 54,721 ETH, these transactions were meticulously carried out through a combination of withdrawals from Binance, one of the world’s leading cryptocurrency exchanges, and swaps on 1inch, a renowned decentralized exchange aggregator. The detailed breakdown of the transactions reveals that the whale withdrew 19,226 ETH, valued at approximately $55.6 million, from Binance. Additionally, the investor swapped 10.1 million USDT (Tether) for 3,493 ETH, equivalent to about $65.7 million, through 1inch, at an average price of roughly $2,893 per ETH in the past few hours. This flurry of activity underscores the Ethereum whale’s aggressive investment strategy and belief in Ethereum’s long-term value. Ethereum approaches $3,000 This massive accumulation of ETH by the whale has occurred amid a significant uptick in Ethereum’s market price and trading volume. The current price of ETH stands at $2,906, marking a 3.69% increase in the last 24 hours and an impressive 16.51% surge in the…
Filed under: News - @ February 19, 2024 11:14 pm