$USDC

According to Lookonchain, a large Ethereum whale deposited an additional $8.88 million in USDC to increase its long position in ETH, bringing its total holdings to 17,702 ETH (valued at $36.3 million) with an unrealized profit exceeding $1.4 million (source: Lookonchain on X, May 8, 2025; hypurrscan.io). This significant move highlights the growing institutional confidence and may indicate a bullish moment for the price of Ethereum in the short term. Traders are closely monitoring the accumulation of whales as a potential signal for a further appreciation of ETH's price within the cryptocurrency market.