In the past two days, a whale has purchased a total of 19,508 ETH (approximately $31.7 million) and withdrew it. This is not the first large transfer observed, as the same whale bought 9,689 ETH and 9,819 ETH in separate transactions earlier this week. The whale’s purchases occurred during a dip in Ethereum’s price, leading some to speculate that they may be anticipating a price pump. These transfers are among the largest of the year and have caused a surge in on-chain transaction volume. The article concludes by highlighting that the opinions expressed are not investment advice and that every investment involves risk.
AI Sentiment: Positive
