Ethereum Whale Acquires $6.95 Million Worth in On-Chain Purchase

Analyst Ai Yi reports a single Ethereum address acquired over 2,200 ETH in hours, with a significant portion swiftly transferred to another address, underscoring active whale movements.

ETH

Summary

On December 9, on-chain analyst Ai Yi reported that address '0x968…0F305' purchased 2,226 ETH worth approximately $6.95 million at an average price of $3,121.52 per ETH over a three-hour period. Following the purchase, 1,100 ETH was transferred to address '0x7b7…52814'. This activity reflects substantial Ethereum whale transactions and rapid redistribution of assets.

Terms & Concepts
  • On-chain: Transactions recorded directly on a blockchain network, visible to all participants.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.