Crypto
Ethereum Whale Spends $23.7M on ETH at Average Price of $2,794
A significant Ethereum whale has made a notable purchase of ETH, buying $23.7 million worth of stablecoins at an average price of $2,794 per coin.
This move comes after the whale sold a similar amount of ETH in March at $2,010 per coin, indicating a 39% increase in value since then.
The purchase was made through Cow Swap, a decentralized exchange aggregator that pools orders. The wallet, which is connected to Ethereum's original sale, has now increased its ETH holdings to around 16,773 coins.