Whale bought 70,000 ETH within 3 days, still holding 150 million USD or may continue to increase holdings.

On-chain analysis experts have recently observed that a large investor or institution has exhibited an aggressive buying attitude in the Ethereum market. This investor has already invested approximately $186 million in stablecoins over the past three days, purchasing 70,465 ETH at an average price of $2,647.7 per ETH.

The latest transaction occurred an hour ago, where the investor reinvested 10 million stablecoins, increasing their holdings by 3,875 ETH. Notably, this investor had previously successfully profited 30.45 million dollars from two ETH price fluctuations, demonstrating their precision in market timing.

Currently, this large investor's account still holds about 150 million USD in stablecoins, which may indicate that they still have the potential to further increase their holdings in ETH. This series of large-scale purchases has sparked market attention and discussion regarding the future trend of Ethereum.

Although we cannot determine the specific identity of this investor, their investment behavior undoubtedly has had a certain impact on the current cryptocurrency market. Market participants are closely monitoring such large transactions to assess their potential impact on Ethereum prices.