The latest $3.43 million purchase adds to an accumulation trend that began on February 15, with the wallet spending 46.99 million USDC in total at an average purchase price not fully shown in the source.
A large crypto holder, often called a whale (wallet with very large holdings), bought another 1,500 Ethereum for about $3.43 million, according to the source. The purchase is part of a broader accumulation trend that started on February 15. Since then, the wallet has spent a total of 46.99 million USDC (a U.S. dollar-pegged stablecoin) to acquire 21,800 ETH. The source says the purchases were made at an average price, but the figure is not fully visible in the provided text. Large whale accumulation is commonly watched by traders because it can signal concentrated demand and reduced liquid supply in the market, although the source does not state any market impact.