Whale Buys $40M Ethereum as Accumulation Gains Momentum
Main Idea
A new whale withdrew 11,370 ETH worth $40 million from Coinbase Prime, making a $400,000 profit, amid increasing whale activity and institutional demand for Ethereum.
Key Points
1. A whale withdrew 11,370 ETH worth $40 million from Coinbase Prime at an average price of $3,811.
2. The whale made a quick profit of $400,000 from this transaction.
3. Whale activity has been growing, with over $2.38 billion in ETH accumulated since early July.
4. Analysts attribute this to rising institutional demand and potential market catalysts for Ethereum.
Description
The post Whale Buys $40M Ethereum as Accumulation Gains Momentum appeared first on Coinpedia Fintech News A new whale withdrew 11,370 ETH worth $40 million from Coinbase Prime at an average price of $3,811, turning a quick $400,000 profit. This purchase adds to growing whale activity, with over $2.38 billion in ETH accumulated since early July. Analysts see rising institutional demand and notable spot ETF inflows as drivers behind this surge, signaling increased confidence in Ethereum’s outlook ...
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