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Ethereum Price Attracts Whale: Collected Over 10,000 ETH! - Coin Bulletin
As selling pressure continues in the crypto market, a whale turned the decline into a buying opportunity. Spending a total of 16.37 million dollars, it bought 10,328 Ethereum (ETH).
According to the data shared by the on-chain analysis platform Lookonchain, an unnamed whale made a heavy purchase during the last 2 hours when the Ethereum price was hovering around $1,585. The whale made a transaction of approximately $16.37 million by buying a total of 10,328 ETH at an average price of $1,585.
This transaction indicates that large investors find the current price levels attractive and that confidence in the market’s recovery potential is being maintained. Despite Ethereum experiencing a sharp dump in recent days, the buying moves of whales could positively affect market sentiment.