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Ethereum Whale Trading: Large $660 Million Transactions Last Week
According to blockchain analyst @alicharts, an Ethereum whale made a large purchase amounting to 220,000 ETH last week. This transaction had a total value of approximately $660 million.
Such trading activity from large Ethereum holders has a significant impact on market sentiment. Currently, ETH is holding a price of $3.10K, indicating ongoing interest from major investors in the Ethereum ecosystem.
Recognizing whale activities like this is important for traders and investors monitoring on-chain metrics. The 220,000 ETH trade suggests a bullish outlook from large market participants and is a testament to continued confidence in the Ethereum platform.