According to Lookonchain, a newly created wallet converted 44.78 million USDC from Coinbase Prime into 9,486 ETH at an average price of $4,720 within one hour, signaling strong buying activity.
Blockchain data from Lookonchain shows that a newly created wallet received 44.78 million USDC from Coinbase Prime and purchased 9,486 ETH at an average price of $4,720, totaling $44.78 million in transactions within a single hour. This large-scale acquisition highlights significant Ethereum demand from a single address.