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A big whale is moving again! $16.95 million instantly buys 5,678 ETH
According to on-chain data tracking, a mysterious whale or institution has recently made a bold move. At an average price of $2,985, they directly purchased 5,678 ETH, with a total investment of $16.95 million. This approach looks like a strategic swing trade.
Looking back at this player's track record: just in early December, they spent $14.97 million, and in just nine days, they already secured a profit of $137,000, with a return of 0.92%—this pace is indeed steady, precise, and aggressive.
Notable details to watch:
The price level of $2,985 clearly has become a key point for this big whale to repeatedly strike. The same entity has conducted multiple swing trades within this range. Based on the trading pattern and the scale of funds, it is likely operated by an institutional-level player. In an era of transparent on-chain data, such large transactions often serve as market indicators.