The second most popular crypto on the market is the focus of an Ethereum whale. In recent days, this large investor has engaged in frenzied ether acquisition activity. A trend that has not escaped the crypto community as the ether market experiences a remarkable surge.
Ethereum whale buys $187 million worth of ETH
Recently, an Ethereum whale made headlines for these massive acquisitions of ether. According to the data, the latter offered $187 million worth of ether. This, in the space of just three days.
The whale’s acquisitions of Ethereum identified by the address 0x7a9 concern a total of 64,501 ethers. Of this total, 13,526 ethers were acquired recently. A set that represents approximately $39 million based on an ETH price of $2,947.
This is in addition to the whale’s already substantial holdings. According to data from Spot On Chain, the latter’s wallet would host a total of 91,321 ETH. Not counting approximately $49.8 million in USDT and 5,485 STETH. All estimated at $334 million.
It must be said that such an accumulation of ether says a lot about the state of mind of this investor. At the very least, it demonstrates through such exposure its great confidence in the growth trajectory of Ethereum’s native crypto. And the trends seem to prove him right.
The ether market more dynamic than ever?
Analysis of recent trends in Ethereum’s native crypto shows an asset in excellent health. The latter is part of a particularly remarkable upward dynamic. In one week, ether gained 6.17% in its valuation.
It must be said that the dynamism of Ethereum crypto is such that it has exceeded the $3,000 mark. A level at which the asset did not remain for long, however, since its valuation fell over the last 24 hours, bringing its price to around $2,972.
This slight decline in the price of ether does not, however, dampen the optimism of the crypto community. She firmly believes in the potential to improve the valuation of the second largest crypto on the market. In any case, that’s what a crypto expert like Michaël van de Poppe thinks.
According to his opinion, we should wait for the future price of ether in the waters of 3,800 and 4,500 dollars. Certain optimism when we know that the all-time high price of the Ethereum native crypto is around $3,142, last reached in May 2021.
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