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Ethereum Whale Adds 20,000 ETH Block to Last Week
The market is witnessing significant accumulation activity from large whale investors. A major OTC address just completed a purchase of 20,000 ETH in a single day, with this order worth approximately $56.13 million, according to a report from Foresight News.
Large Whale Accumulation Scale
Notably, this investor did not stop there. Over the past five days, OTC whales have continuously held and accumulated a total of 70,013 ETH, with an estimated total value of up to $203.6 million. This figure demonstrates the investor’s determination to strengthen their Ethereum position.
Market Significance
This buying activity reflects the confidence of major investors in the long-term value of Ethereum. The order of 20,000 ETH in a single batch indicates strong demand from whales, who often make strategic decisions regarding the cryptocurrency market.