On August 8, news from on-chain analyst Yu Jin reported that a certain whale has been very active in the past 4 days. Using 6 addresses, it has accumulated 171,015 ETH in 4 days, worth approximately 670 million USD, and has received 23,424 ETH (91.65 million USD) in the past hour. The operation path is as follows: using the address 0x0c3...40e to create a wallet via BitGo, purchasing ETH from institutional platforms such as FalconX, Galaxy Digital, and BitGo, and receiving ETH. The 6 wallets combined hold an average of 3,669 USD. The whale's large-scale accumulation of ETH may reflect its expectations for the future value of ETH, and it will attract attention in the crypto market regarding the price trend of ETH and changes in market supply and demand. The subsequent market conditions are worth closely monitoring.
