They could not escape the on-chain data.
According to on-chain data provided by Lookonchain, an altcoin whale has begun to take a particularly bullish stance on Ethereum (ETH).
According to the data recorded on the decentralized cryptocurrency exchange Hyperliquid, this whale added 8.88 million USD in USDC to its previous long position on ETH today. With this addition, the whale's positions rose to 36.3 million USD, currently realizing an unrealized profit of 1.4 million USD.
In addition, on-chain data indicates that some major financial institutions are also storing Ethereum. According to the data, Abraxas Capital withdrew 49,644 Ethereum worth 92 million USD from the cryptocurrency exchanges Binance and Kraken today.
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Data also revealed that two different cryptocurrency wallets, likely belonging to the same person or entity, spent a total of 14.54 million USD in DAI and USDT to purchase 7,293 ETH worth approximately 15 million USD. The average buying price for the whales was 1,993 USD.
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