Whale Dips Into ETH, Acquires 5,157 Tokens Worth $15.33M

Counter-Trend Move: Whale Adds More ETH

On-chain analysis reveals that a notable whale, previously losing $13.73M in just a week last November, has made a new move. According to monitoring data, this investor acquired 5,157 ETH for $15.33M at around $2,972 per ETH during the early morning hours.

Different Strategy This Time

Unlike previous trades where the whale quickly sold after price increases, this time the whale is holding onto the newly acquired ETH. However, the price of ETH has already dropped below their purchase level.

Market Takeaways

• The whale’s actions suggest a long-term bullish stance on ETH despite short-term volatility.
• On-chain activity indicates frequent large transactions, which could impact market sentiment.
• Investors should make cautious decisions and avoid blindly following big players.

While the whale’s buying behavior shows confidence, the market remains unpredictable. Investors are advised to make informed decisions based on their own risk tolerance.