Whale's ETH Buying Spree Grabs Market Attention
According to latest blockchain records, the Ethereum whale address 0x28eF, which previously attracted attention with a $126 million ETH purchase, has resumed active accumulation of Ethereum.
Notably, this recent accumulation occurred within 20 hours as the whale withdrew 19,820 ETH worth approximately $40.14 million from Binance and OKX, two major cryptocurrency exchanges.
Market Impact Analysis
This significant capital movement happened during a market consolidation period, drawing substantial investor attention. Market analysts suggest that institutional-grade capital continues to show confidence in Ethereum's long-term value.
- Purchase occurred during market correction
- Large withdrawals from major exchanges
- Continuation of proactive accumulation strategy
This pattern of substantial capital flow indicates a sophisticated investment approach, providing valuable reference signals for market observers tracking blockchain activity.