Ethereum Whale Has Full Confidence: Opened a New Wallet and Bought $23 Million!

The whale, who has been accumulating Ethereum for the last 3 days, opened a new wallet and made a large purchase again.

According to the information provided by the on-chain analysis platform Lookonchain, Ethereum whales continue to accumulate large amounts of ETH. A newly opened whale wallet purchased another 7,389 ETH (approximately $23.44 million) just three hours ago.

It is stated that this whale wallet has accumulated a total of 18,049 ETH (approximately $59.3 million) in the last three days. In crypto markets, the fact that whales buy large amounts of Ethereum attracts the attention of investors with the expectation that it can have a positive effect on the price of Ethereum.

Experts state that such strategic accumulations by Ethereum whales can create an environment of trust in the market and indicate the potential for prices to rise. The fact that whales continue to accumulate ETH is considered an indicator of long-term confidence in Ethereum.

According to CoinGecko data, Ethereum, which has increased by 1.3% in the last 24 hours, is traded at $3,209 at the time of writing.