CoinWorld reported on June 18 that, according to Ember Tracking, an institutional address started the third round of ETH accumulation on June 11. As of today, it has spent a total of $223 million USDC to purchase 85,465 ETH at an average price of $2,617.7, with the latest transaction being 15,000 ETH bought 7 hours ago at $2,477. Currently, this address has an unrealized loss of about $9.4 million and still has $113 million USDC available, which may be used for further accumulation.