According to TechFlow, according to Spot On Chain monitoring, although the price of ETH has fallen back by 8% in the last 24 hours, whales are still buying ETH.
1. The whale address starting with 0x435 spent 70 million USDC to buy 23,790 ETH 4 hours ago, with an average price of about US$2,942.
Over the past 15 hours, the whale has accumulated 60,808 ETH (about $191 million) from Binance and DEX after each major drop.
Currently, the whale holds 85,931 ETH (about $278 million), of which $136 million is held in USDT and USDC in Aave.
2. cVault Finance: Deployer spent 6 million DAI to buy 2018 ETH at an average price of about $2973 4 hours ago. This address sold 12,070 ETH (about $31.06 million) on the chain in January, realizing a profit of $17.03 million (+101%).
