While the market is currently talking about the Bitcoin halving, which is expected to take place next April, and possible Ethereum ETF approval in May, ETH attracts attention with its whale accumulation and strong performance.
At this point, ETH, which has increased by nearly 4% in the last 24 hours, exceeded $ 2,900. ETH is also up more than 25% since the beginning of 2024, while investors and analysts expect Ethereum to surge towards $4,000.
In the face of this expectation, it was stated that there was strong whale accumulation behind ETH’s rise today, while Lookonchain said that the whale that was frantically accumulating Ethereum was buying again.
Stating that the whale made purchases twice during the day, Lookonchain stated that this whale first bought 21,353 ETH worth $60 million from Binance.
This whale then purchased 11,587 ETH worth $33.5 million from Binance.
Stating that this whale has been purchasing ETH from CEX and DEX since February 8, Lookonchain stated that this whale has purchased 64,346 ETH worth a total of $178.9 million so far.
“A whale bought a large amount of ETH again before the ETH price went up today!
This whale withdrew 100M USDT from Binance and purchased 21,353 ETH with 60M USDT at $2,810.
The whale then withdrew another 10,649 ETH (worth $30.68 million) from Binance.
The whale then withdrew 11,587 ETH (worth $33.5 million) from Binance.
Whale has collected Ethereum from CEX and DEX since February 8, purchasing a total of 64,346 ETH ($178.9 million worth).”
Ethereum continues to trade at $2,914 at the time of writing.
The whale withdrew 11,587 $ETH($33.5M) from #Binance again just now.
And the whale has bought a total of 64,346 $ETH($178.9M) from CEX and DEX since Feb 8.https://t.co/YXTeXbkTnF pic.twitter.com/rma98RuO5d
— Lookonchain (@lookonchain) February 19, 2024
*This is not investment advice.
