Wu said that according to monitoring by @EmberCN, "a giant whale/institution that profited 30.45 million USD through two ETH waves" spent another 10 million USDC to purchase 3,875 ETH one hour ago. This whale/institution has spent a total of 186 million USDC to buy 70,465 ETH in the last 3 days, with an average price of 2,647.7 USD. Currently, it still holds 150 million USDC.