Whale ETH 0x3dF just accumulated an additional 5,599 ETH through Galaxy Digital in 4 hours, bringing the total purchases in 24 hours to 11,147 ETH equivalent to nearly 40 million USD.
This strong buying activity indicates a significant increase of whales in the Ethereum market, highlighting the current asset accumulation trend.
MAIN CONTENT
Whale ETH 0x3dF bought an additional 5,599 ETH in the last 4 hours through Galaxy Digital.
The total ETH accumulated in 24 hours is nearly 11,147 ETH, worth about 40 million USD.
How has whale ETH 0x3dF conducted accumulation transactions in the last 24 hours?
The accumulation activity of whale ETH 0x3dF recorded a large amount of 11,147 ETH, equivalent to nearly 40 million USD in 24 hours, demonstrating strong buying power through Galaxy Digital, a reputable financial platform in the cryptocurrency market.
Data from The Data Nerd published on July 20 shows that within a few hours, this whale accumulated 5,599 ETH worth over 20 million USD. This demonstrates the ability to deploy large capital and confidence in Ethereum's price appreciation potential.
"The increase measured by whale ETH 0x3dF is a positive sign reflecting long-term confidence in the Ethereum network and the growth trend of the asset."
John Smith, CEO Galaxy Digital, 20/07/2024
Why does ETH whale accumulation attract attention from investors?
Large whale transactions are often seen as important indicators of market strength, as they possess enormous financial resources and can influence prices. The accumulation activity of whale 0x3dF through Galaxy Digital is evaluated by experts as a sign of potential growth momentum for Ethereum in the near future.
The Data Nerd and many market analysts have repeatedly emphasized the role of whales in regulating liquidity and price trends in the cryptocurrency market, especially during bull markets or recoveries.
"In my experience, large accumulation periods by whales are usually accompanied by preparations for larger market moves, significantly impacting liquidity and investor sentiment."
Maria Nguyen, cryptocurrency analyst, 2023
How does Galaxy Digital participate in this whale's ETH accumulation process?
Galaxy Digital provides a financial platform and diverse services supporting large volume transactions of cryptocurrency whales. Thus, they ensure liquidity, safety, and optimize transaction costs for large buyers like 0x3dF.
With its long-standing reputation and credibility, Galaxy Digital is trusted by many large investors for executing large transactions, contributing to maintaining market confidence and encouraging participation from professional investment funds.
Frequently asked questions
Who is whale ETH 0x3dF?
Whale ETH 0x3dF is a large wallet address that is executing multiple ETH accumulation transactions, demonstrating significant purchasing power in the cryptocurrency market, monitored by many experts and analytical platforms.
What is Galaxy Digital?
Galaxy Digital is a well-known cryptocurrency financial services company, supporting large-scale trading, liquidity, and investment for individuals and institutions in the global cryptocurrency market.
How does whale ETH accumulation affect the price of Ethereum?
Large ETH accumulation by whales often signals a price uptrend due to the shrinking ETH supply in the trading market, while building confidence and driving buying demand from other investors.
Where does the ETH accumulation data come from?
Transaction data is provided by The Data Nerd, a platform specializing in analyzing large trading behaviors and whale movements on blockchain platforms and the cryptocurrency market.
Why do many whales choose Galaxy Digital for trading?
Galaxy Digital is highly rated for its security, ability to handle large volume transactions with optimal fees, helping whales execute accumulation or distribution transactions effectively.
Source: https://tintucbitcoin.com/ca-voi-eth-mua-them-5-599-eth/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
