One whale purchased 32,000 ETH in the past 19 hours, worth approximately $90 million
February 19th, 2024

In the past 19 hours, a large cryptocurrency whale purchased 32,002 Ethereum (ETH), worth a total of approximately $90 million, at an approximate price of $2,811 each. The purchase included an exchange of $60 million in USDT for 21,353 ETH via 1inch, and a withdrawal of 10,649 ETH (worth approximately $30 million) from Binance. The USDT used to purchase ETH is also withdrawn from Binance.

According to on-chain analyst Yu Jin, in the past 10 days, the whale (address: 0x7a95f1554ea2e36ed297b70e70c8b45a33b53095) purchased a total of 57,154 Ethereum (ETH) through withdrawals from the centralized exchange (CEX) and on-chain purchases. Valued at approximately $164.6 million, the average purchase price was $2,730. Currently, the whale’s investment floating profit is US$8.63 million, with a profit ratio of approximately 5%.

Specific transaction details are as follows:

On February 8-9, the whale withdrew 5,490 ETH from HTX, worth approximately $13.28 million, with an average price of $2,419. Between February 12 and 19, 30,305 ETH was withdrawn from Binance, worth approximately $82.76 million, with an average price of $2,731. On February 18-19, the whale withdrew $100 million in USDT from Binance and used 60 million USDT to purchase 21,358 ETH at an average price of $2,809. Currently, the whale has 40 million USDT remaining out of the 100 million USDT withdrawn from Binance, indicating that it may continue to purchase ETH in the coming time.

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