Ethereum Whale Buys $155.7 mn In ETH
An Ethereum whale has made a significant purchase of ETH, worth $155.7 million, as the price of Ethereum nears the $3,000 mark.
The whale made strategic purchases, withdrawing 19,226 ETH, valued at $55.6 million, from Binance and swapping 10.1 million USDT for 3,493 ETH, equivalent to $65.7 million, through 1inch.
This demonstrates the whale’s aggressive investment strategy and belief in Ethereum’s long-term value. Ethereum’s market price and trading volume have increased significantly, with the current price of ETH at $2,906, a 3.69% increase in the last 24 hours and a 16.51% surge in the past week.
Analysts suggest this could lead to increased institutional interest in Ethereum, further propelling its price upward as it approaches the $3,000 milestone.
(With inputs from Shikha Singh)
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