Major On-Chain Move: Mysterious Entity Keeps Buying ETH
Latest on-chain tracking data reveals that an active entity has once again captured market attention—recently moving 7,960 Ethereum tokens (worth about $24.7 million) out of a major crypto exchange.
Nearly 18K ETH Purchased in 24 Hours
The data shows the entity accumulated a total of 17,899 ETH today, valued at approximately $55.6 million. This aggressive accumulation signals strong confidence in Ethereum’s medium- to long-term outlook.
Holdings Approach All-Time High
To date, its total ETH holdings have reached 644,600, with a current market value nearing $2 billion. The average entry price sits around $3,182, giving it a significant cost advantage even amid price fluctuations.
- Single withdrawal: 7,960 ETH (~$24.7M)
- Daily total bought: 17,899 ETH (~$55.6M)
- Total holdings: 644,600 ETH (~$2B)
- Average cost basis: $3,182
Such large-scale activity often indicates strategic long-term positioning, potentially influencing market sentiment and price momentum. Investors should monitor future moves closely.