Ethereum Whale Acquires $10 Million Worth of ETH Amid Market Rebound

According to on-chain analyst Ai Yi, a whale purchased 2,971 ETH in 24 hours and placed a limit order for more, indicating a strong accumulation strategy amid current market conditions.

ETH

USDC

178d ago

Summary

On October 20, on-chain analyst Ai Yi reported that an Ethereum whale acquired 2,971 ETH for approximately $11.86 million over 24 hours. The purchases included 1,021 ETH bought on-chain for $4.004 million and 1,950 ETH withdrawn from the Bybit exchange, valued at $7.86 million. The whale has also placed a pending limit order on Cowswap to buy more ETH at $3,860 using 1.93 million USDC.

Terms & Concepts

ETH (Ethereum): A decentralized blockchain known for smart contracts and dApps; its native token, Ether (ETH), is widely traded in crypto markets.
On-chain: Refers to transactions that are recorded and verified on the blockchain, providing a permanent and transparent public ledger of activity.
Limit Order: An order to buy or sell an asset at a specific price or better. The order is only executed if the market price reaches the specified limit price.