New crypto whale buys $1.3B $ETH of ahead of US inflation reports.

A newly emerged cryptocurrency whale has purchased $1.34 billion worth of Ether in the past eight days, outpacing record US spot Ether ETF inflows and fueling speculation over the token’s price trajectory ahead of key US inflation data.

The whale acquired 312,052 Ether worth $1.34 billion over the past eight days across 10 newly created cryptocurrency wallets.

Analysts say the billion-dollar accumulation could help push Ether closer to its previous all-time high of $4,890, still more than 12% above current levels. The surge in demand comes as investors await this week’s Consumer Price Index (CPI) and Producer Price Index (PPI) reports, which could shape expectations for the US Federal Reserve’s Sept. 17 interest rate decision.

#Ethereum is Going to the MOON 🚀

#Write2Earn #CPIWatch #RateCutExpectations #Whale.Alert $SOL $BTC