risky
Ethereum Whales Continue Buying Despite Recent Losses
A large whale or institution involved in Ethereum recently made another strategic purchase, acquiring 15,000 ETH at $2,477 each. Following two profitable trading cycles that yielded a total of $30.45 million, this entity has been actively accumulating ETH since June 11, spending a total of approximately $226.5 million for 85,465 ETH, with an average purchase price of around $2,617.70. Currently, their holdings are showing a unrealized loss of about $9.4 million. They still retain about $113 million in USDC, ready for further acquisitions if they choose to continue buying.
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AI Analysis
The recent activity of the ETH whale indicates a strategic accumulation approach, with multiple purchases over the past week totaling over $226 million. Their average buy-in price of $2,617.70 suggest...
AI Recommendation
Given the pattern of large-scale accumulation at prices below the previous average purchase level and the substantial stash of USDC still available, this suggests confidence in ETH's long-term potenti...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.