Huge Buying from Ethereum Whales! When Will It Rise?

There is a remarkable movement on the Ethereum (ETH) front in the cryptocurrency markets. In recent hours, major crypto investors, namely whales, have made a strong entrance into the market with millions of dollars worth of #Ethereum purchases. According to on-chain data, the DeFi platform Aave is at the center of these large purchases.

The latest data shared by crypto data analysis platform Lookonchain has revealed the intense whale interest in Ethereum. The transactions made by two major wallets in particular drew attention:

🔸️The wallet with the address 0xDdb4 borrowed $3.44 million worth of USDC from Aave. With this fund, it purchased a total of 1,856 Ethereum.

🔸️Another whale wallet, 0xf84d, used extra capital to purchase a total of $2.34 million worth of $ETH in addition to the $1.64 million $USDC debt it received from Aave. The result: 1,259 ETH entered the wallet.

These high-volume transactions reveal that trust and expectations for Ethereum are increasing.

The activity on the Ethereum side is not limited to DeFi transactions. The transfer from the Binance exchange to the newly created address 0x69D0 also made a splash in the market.

⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.

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