$ETH In just two hours, an enigmatic Ethereum whale has surfaced on the network and acquired over 25,400 $ETH . On-chain data shows that three recently established wallets, which are generally thought to be part of the same organization, spent 50.04 million DAI to buy 25,425 $ETH at an average entry price of $1,968.
Ethereum's recovery is a question of time
Ethereum is trying to recover one of its biggest technical resistance levels in months, so the coordinated accumulation occurs at a crucial time. When new wallets make purchases of this size, it is usually a sign of institutional involvement or sophisticated investors creating new positions instead of redistributing holdings.
Ethereum's recovery is a question of time
Ethereum is trying to recover one of its biggest technical resistance levels in months, so the coordinated accumulation occurs at a crucial time. When new wallets make purchases of this size, it is usually a sign of institutional involvement or sophisticated investors creating new positions instead of redistributing holdings.