Ethereum Whale Amasses $100 Million Amidst Price Dip

A shrewd Ethereum whale has been quietly accumulating a massive stash of ETH amidst the recent price dip. In less than two months, this 'smart money' investor has amassed nearly $100 million worth of ETH.

According to blockchain tracker Lookonchain, an Ethereum address starting with '0x78D07' bought $4.7 million of ETH on Friday, adding to their already substantial holdings.

This whale's impressive track record shows a perfect win rate since late May, scooping up about $70 million in ETH from Binance, the largest crypto exchange.

With an average buying price of $2,420 and current unrealized profit of $7.5 million, this investor seems unfazed by Ethereum's 3% dip in the last 24 hours, with its price sitting at $2,551.