On-chain monitoring reported that a whale or institution bought 18,643.42 ETH over two hours at an average price of $2,274 and continued purchasing in batches. An earlier report recorded 15,216 ETH bought for 34.69 million USDC at approximately $2,279 per ETH, with funds withdrawn from Kraken. The newer figure also identified Crypto.com as a funding source, but the entity’s ownership remains unknown.