Mysterious Whale Buys 8,033 ETH in 4 Hours, Accumulates 14,500 ETH in 3 Months

Whale's Bold Move Sparks Surge in ETH Market

On February 26, data from blockchain analytics firm The Data Nerd revealed that a whale address starting with 0x69A transferred and purchased 8,033 ETH from Galaxy Digital just 4 hours ago, with a total value of approximately $16.47 million.

Strategic Accumulation: Over 14,500 ETH Bought in Three Months

Detailed analysis shows that the whale has been steadily accumulating ETH over the past three months, purchasing a total of 14,551 ETH at an average price of around $2,206. As of now, the address holds 37,576 ETH, valued at approximately $77.53 million, though it is currently facing an unrealized loss of about $38.45 million.

• Single Transaction Value: $16.47 million
• Total Purchases Over 3 Months: 14,551 ETH
• Total Value of Holdings: $77.53 million
• Unrealized Loss: $38.45 million

Despite the current unrealized losses, the whale’s consistent buying pattern indicates strong long-term confidence in Ethereum. Analysts suggest that such large-scale accumulation could signal growing optimism among institutional investors about the future price trajectory of ETH.