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Recently, there has been a notable trend in the cryptocurrency market. On-chain data analysis shows that a mysterious large-cap player has accumulated 171,015 Ethereum (ETH) over a span of just 4 days through 6 different wallet addresses, with a total value of approximately $670 million. This series of operations has sparked widespread attention in the market.
It is reported that the investor's actions were quite swift. In just the last hour, they purchased 23,424 ETH, worth approximately 91.65 million USD. Throughout the purchasing process, the average transaction price of ETH was 3,669 USD.
The operation path of this investor is quite complex. First, a wallet was created on the BitGo platform using the address 0x0c3...40e. Then, ETH was purchased from well-known cryptocurrency institutions such as FalconX, Galaxy Digital, and BitGo, and transferred to their own wallet. Finally, these ETH were stored in six different wallet addresses.
Such a large-scale accumulation of ETH undoubtedly reflects this major investor's optimism about the future value of Ethereum. This action has also sparked intense discussions in the cryptocurrency market regarding the price direction of ETH and changes in market supply and demand.
Analysts point out that such a large purchase of ETH may have a significant impact on the market. On one hand, it may indicate that institutional investors' confidence in ETH is increasing; on the other hand, it may also trigger a tightening of ETH supply in the short term, thereby driving prices up.
However, market experts also remind investors that the cryptocurrency market has always been highly volatile, and a single event is not enough to determine the long-term trend. Investors should still consider multiple factors comprehensively and act with caution when making decisions.
With the emergence of this significant trend, cryptocurrency enthusiasts and investors are closely watching the subsequent market developments. What actions will this mysterious whale take next? How will the price of ETH change? The answers to these questions may gradually be revealed in the future market.