A Major Whale/Institution Acquires 103,141 ETH Over the Past 6 Days at an Average Price of $3,140
BlockBeats News, July 18 — According to Ember monitoring, a certain whale/institution has accumulated 103,141 ETH ($323.8 million) via FalconX over the past six days, at an average price of $3,140 per ETH.
In addition, another address accumulated 103,274 ETH through an exchange during a similar period, at an average price of $2,885 per ETH, with a total value of approximately $298 million and an unrealized profit of about $63 million. Four hours ago, this address continued to withdraw 14,982 ETH ($51.29 million) from the exchange.
The accumulation timing, method, and quantity of the two addresses are highly similar, suggesting they may belong to the same institution. Large-scale ETH accumulation by institutions in the market has driven the price up from $2,500 in July to the current $3,600.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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