Three Whale Addresses Accumulate 24,000 ETH in a Day

IconCrypto News Terminal24 Apr, 2024

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Three Whale Addresses Accumulate 24,000 ETH in a Day

Within the last 24 hours, three whale addresses have acquired a substantial amount of Ethereum (ETH). According to on-chain analyst The Data Nerd, these whale addresses purchased 15,389 ETH (USD 49.8 million), 2,763 ETH (USD 8.94 million) and 6,313 ETH (USD 20.44 million) respectively. Among them, the whale that bought 15,389 ETH was found to hold 147,442 ETH (USD 477 million). This accumulation of ETH by whales suggests that they foresee a potential upswing in the market and are positioning themselves to benefit from it. However, it is important to understand that the cryptocurrency market can be volatile and unpredictable, and these whale addresses may also be seeking to influence the market's direction. Therefore, it is crucial for investors to conduct their own thorough research and make informed decisions when investing in cryptocurrencies. Previously on 23 April 2024, three whale addresses purchased a combined 24,465 ETH (USD 79.22 million). This recent whale activity highlights the ongoing interest and potential for growth in the cryptocurrency market.

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