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Two Addresses Accumulate Over 4,000 ETH in Two Hours

On-chain analyst Ai Yi reports a notable ETH accumulation valued at $10.78 million, suggesting potential market shifts.

ETH

Summary

On June 13, on-chain analyst Ai Yi revealed that two addresses collectively acquired 4,059.36 ETH, valued at $10.78 million, in just two hours. The average purchase price was $2,655 per ETH, with one address buying 1,084.98 ETH for approximately $2.88 million and the other purchasing 2,974.38 ETH for about $7.89 million.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • on-chain analysis: The examination of blockchain data to derive insights about transactions, addresses, and market trends.
  • accumulation: The process of acquiring and holding assets over time, often indicating bullish sentiment.