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Crypto Whale Buys $22.63M in ETH and cbBTC After Market Drop

Whale address 0x65b4 made significant purchases of ETH and cbBTC totaling over $22 million, capitalizing on market decline on October 11.

ETH
USDC
CBBTC

Summary

Whale address 0x65b4 made $22.63 million in crypto purchases after the October 11 market drop, buying 3,397.7 ETH at $3,719 each for $12.635 million, followed by 91.5 cbBTC at $109,207 each for $10 million.

Terms & Concepts
  • Whale: A term used to describe an individual or entity that holds large amounts of cryptocurrency, capable of influencing market prices with their trades.
  • cbBTC: A tokenized version of Bitcoin on the Coinbase platform, allowing BTC exposure within supported blockchain ecosystems like Ethereum.
  • USDC: A U.S. dollar-pegged stablecoin issued by Circle, maintaining a 1:1 value with the U.S. dollar for stable crypto transactions.