Latest #Ethereum! News, Opinions and Feed Today

--

Ethereum Whale Buys $127M in ETH Despite Market Panic#Ethereum! A highly capitalized Ethereum whale is braving the ongoing crypto market “bloodbath,” amassing tens of thousands of ETH as panic engulfs the broader market. Earlier today – June 13 – blockchain monitoring account Lookonchain reported that a mysterious trader purchased 48,825 ETH – worth about $127 million – from Coinbase and Wintermute over the course of eight hours, at an average price of $2,605 per token. !!! Finding Opportunity in Chaos This new wave of accumulation came amid a violent market crash, triggered by Israeli missile attacks on Iranian nuclear sites . Israel’s move rocked stock markets, commodities and, in particular, digital assets, causing more than $190 billion in crypto market capitalization to evaporate in a matter of hours. Bitcoin’s price fell nearly 5% to $103,000. Ethereum suffered a similar fate, falling from $2,760 to $2,470, erasing gains made a few days earlier when it hit a 15-week high of $2,830. ETH is currently trading at around $2,528, down 4.52% over the past 24 hours. However, it has still seen a 2.3% gain over the past seven days, outperforming the broader crypto market, which has gained just 0.1% over the same period. As retail traders fled en masse, liquidating over $1 billion in leveraged positions , this savvy whale seized the opportunity. And it wasn’t his first strategic move, as Lookonchain tracked his movements all the way back to late April. On April 27 , the whale purchased 600 BTC and 30,000 ETH, spending just under $55 million on the latter. A few weeks later, on May 22 , it sold those ETH for $2,621 each, netting a profit of around $23.73 million. Undaunted by the volatility, it went on the offensive again on May 26 , purchasing another 30,000 ETH for $75.39 million at a price of $2,513 each. That lot was sold just three days ago, on June 10 , for $82.76 million, securing an additional $7.3 million. Today’s purchase — for $127 million — represents the whale’s biggest accumulation ever, as retail traders exited their positions. Confidence in a rebound? The move appears to be a calculated bet that the recent plunge in ETH’s value is an overreaction. The whale often uses OTC (over-the-counter) desks to execute large-scale moves discreetly, avoiding price slippage and market disruption; a luxury not available to small investors. His track record of buying on fear and selling on strength suggests he may view a dip below key technical and psychological levels as an ideal accumulation zone . This large investor is likely betting on Ethereum’s strong fundamental backdrop, including steady inflows into ETFs, a favorable shift in U.S. regulation, and Vitalik Buterin’s recently announced scaling roadmap updates. Follow 🔥 Stay tuned for more updates 🚀😍🚀

Ethereum Whale Buys $127M in ETH Despite Market Panic

#Ethereum!
A highly capitalized Ethereum whale is braving the ongoing crypto market “bloodbath,” amassing tens of thousands of ETH as panic engulfs the broader market.
Earlier today – June 13 – blockchain monitoring account Lookonchain reported that a mysterious trader purchased 48,825 ETH – worth about $127 million – from Coinbase and Wintermute over the course of eight hours, at an average price of $2,605 per token.

!!! Finding Opportunity in Chaos
This new wave of accumulation came amid a violent market crash, triggered by Israeli missile attacks on Iranian nuclear sites . Israel’s move rocked stock markets, commodities and, in particular, digital assets, causing more than $190 billion in crypto market capitalization to evaporate in a matter of hours.
Bitcoin’s price fell nearly 5% to $103,000. Ethereum suffered a similar fate, falling from $2,760 to $2,470, erasing gains made a few days earlier when it hit a 15-week high of $2,830.
ETH is currently trading at around $2,528, down 4.52% over the past 24 hours. However, it has still seen a 2.3% gain over the past seven days, outperforming the broader crypto market, which has gained just 0.1% over the same period.

As retail traders fled en masse, liquidating over $1 billion in leveraged positions , this savvy whale seized the opportunity. And it wasn’t his first strategic move, as Lookonchain tracked his movements all the way back to late April.
On April 27 , the whale purchased 600 BTC and 30,000 ETH, spending just under $55 million on the latter. A few weeks later, on May 22 , it sold those ETH for $2,621 each, netting a profit of around $23.73 million. Undaunted by the volatility, it went on the offensive again on May 26 , purchasing another 30,000 ETH for $75.39 million at a price of $2,513 each.
That lot was sold just three days ago, on June 10 , for $82.76 million, securing an additional $7.3 million. Today’s purchase — for $127 million — represents the whale’s biggest accumulation ever, as retail traders exited their positions.

Confidence in a rebound?
The move appears to be a calculated bet that the recent plunge in ETH’s value is an overreaction. The whale often uses OTC (over-the-counter) desks to execute large-scale moves discreetly, avoiding price slippage and market disruption; a luxury not available to small investors.
His track record of buying on fear and selling on strength suggests he may view a dip below key technical and psychological levels as an ideal accumulation zone . This large investor is likely betting on Ethereum’s strong fundamental backdrop, including steady inflows into ETFs, a favorable shift in U.S. regulation, and Vitalik Buterin’s recently announced scaling roadmap updates.

Follow 🔥 Stay tuned for more updates 🚀😍🚀

Ethereum!

Ethereum Whale Buys $127M in ETH Despite Market Panic

Ethereum (ETH) Price to $740,000? Super Bullish Macro Forecast is Out

The Impact of Binance Alpha on TST’s Growth

Trending Topics