Whale Accumulates Over 6,200 ETH in Three Days
According to Lookonchain data, an Ethereum address linked to thomasg.eth has been aggressively buying ETH over the past 72 hours. The wallet spent a total of $14.08 million in USDC to acquire 6,204 ETH, averaging $2,269 per coin.
Most notably, 2,582 ETH—valued at $6.08 million—were purchased within just two hours on March 18, signaling strong conviction in Ethereum’s current price level.
Strategic Buying During Market Consolidation
The purchases occurred amid a sideways market trend, suggesting a disciplined accumulation strategy. Such large-scale on-chain activity often reflects growing confidence among long-term investors.
- Total investment: $14.08M USDC
- ETH acquired: 6,204
- Average entry price: ~$2,269
- Latest single buy: 2,582 ETH ($6.08M)
With smart money quietly positioning, Ethereum may be setting the stage for a potential upward move in the coming weeks.