Whale Makes Bold Move: $7.9M Bet on Ethereum and Cardano Surge

A Whale's Strategic Play Hints at Bullish Momentum

Recent on-chain activity reveals a major investor quietly building positions in key digital assets. Two separate wallets have deposited a combined $7.9 million in USDC, targeting potential upside in Ethereum (ETH) and Cardano (ADA).

Targeted Order Placement Unveiled

The wallet ending in 0x8Fc has placed buy orders for ETH between $3,267.2 and $3,275.7, while also setting entry points for ADA in the $0.3851–$0.3888 range. Meanwhile, the 0xCe8 wallet has mirrored the move, placing ETH buy orders between $3,267.3 and $3,273.5—indicating a coordinated and strategic approach.

• Capital deployed: $7.9 million in stablecoins
• Targeted assets: Long exposure on ETH and ADA
• Execution method: Limit orders for precise entry

This type of activity often reflects confidence in an imminent price breakout. By using staggered entries, the investor aims to average into a position ahead of a potential rally. As sentiment shifts positive, such moves could inspire broader market participation.