Ethereum Whale Adds 20,000 ETH Block to Last Week

robot
Abstract generation in progress

The market is witnessing significant accumulation activity from large whale investors. A major OTC address just completed a purchase of 20,000 ETH in a single day, with this order worth approximately $56.13 million, according to a report from Foresight News.

Large Whale Accumulation Scale

Notably, this investor did not stop there. Over the past five days, OTC whales have continuously held and accumulated a total of 70,013 ETH, with an estimated total value of up to $203.6 million. This figure demonstrates the investor’s determination to strengthen their Ethereum position.

Market Significance

This buying activity reflects the confidence of major investors in the long-term value of Ethereum. The order of 20,000 ETH in a single batch indicates strong demand from whales, who often make strategic decisions regarding the cryptocurrency market.

ETH-5,56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)