Ethereum Whale's $100 Million Accumulation Sparks Market Interest

A crypto whale is buying up Ethereum in large quantities, accumulating nearly $100 million in value since May 24th. According to blockchain tracker Lookonchain, this 'smart money' has a perfect track record of profitable trades and has been snapping up ETH at an average price of $2,420.

Since late May, they've scooped up about $70 million in ETH, with the most recent purchase being $4.7 million on Friday from Binance. The current unrealized profit is a cool $7.5 million.

This whale's buying spree has sparked interest, but it's not without controversy. Some are questioning their motives and whether this is a sign of a larger market trend or just a smart individual making the most of the current prices.