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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Giant Ethereum Whales Are Accumulating as Prices Fall: Purchases Worth Millions of Dollars! - Coin Bulletin
Recently, whales who saw the drop in the price of Ethereum (ETH) took the opportunity to make large purchases and influence the market.
When Ethereum prices fell to the $1,700 level, the renowned whale group "7 Siblings" spent $42.66 million to purchase 25,100 ETH and provided these tokens to the Aave platform. This group has thus far spent a total of $229.7 million to acquire 103,543 ETH and is currently facing an approximate $64 million loss.
Large purchases are continuing
Another whale borrowed 8.25 million DAI to purchase 5,227 ETH through the Spark platform. Additionally, it is reported that they acquired approximately 6,924 ETH worth about 11 million dollars from Railgun. On the other hand, the "0x5f1" address also made a purchase of 4,983 ETH by spending 8.13 million DAI. These large purchases indicate a positive outlook for the future of ETH.
Cryptocurrency investors continue to track the whale Ethereum accumulations. These large purchases may indicate a significant rise in the market.