Crypto Address Amasses $24 Million in ETH Amid Price Drop

A crypto address has been accumulating Ether (ETH) over nearly three weeks, resulting in a significant position valued at around $24.34 million.

The address acquired 9,158.25 ETH at an average price of approximately $2,658.12 per token, indicating a substantial unrealized profit of about $363,000.

The purchases appear to have taken place in multiple batches as Ether's value declined, suggesting the address continued adding to its holdings during the drop.