A whale returned to the spotlight after buying a fresh batch of $ETH through an over-the-counter deal, totaling 4,500 coins worth $12.38 million—an action that comes after a significant prior accumulation.

This whale had previously accumulated 37,000 $ETH at a value of $71.13 million, at an average price of $1,922 per coin.

As the current price moves, this entity is sitting on unrealized profits exceeding $30 million, according to on-chain data.

It is worth noting that the transactions took place over the counter, which reduces the direct impact on the order book, but it still indicates a strong appetite to hold $ETH.

So far, there is no confirmed information about the whale’s identity or whether it plans to sell part of its positions, and the figures mentioned reflect an instantaneous valuation that may change with market volatility.

If the price continues to rise, these paper gains could turn into massive liquidity, or the whale may decide to take profit at any moment. Press $ETH to trade

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