On July 19, prominent on-chain analyst Ai Yi (@ai_9684xtpa) reported a significant accumulation by whale address 0x54d, which increased its Ethereum holdings by 805.1 ETH, valued at approximately $2.89 million. This transaction occurred within a four-hour window, highlighting notable market activity among large holders. During the same trading session, a total of 5,578 ETH was acquired, amounting to nearly $20 million in volume. The average purchase price stood at $3,583 per ETH, reflecting current market valuations. Such concentrated buying by institutional or whale investors often signals confidence in Ethereum’s medium-term prospects, potentially impacting liquidity and price dynamics. Market participants should monitor these on-chain movements closely to gauge underlying demand trends in the crypto ecosystem.
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Source: https://en.coinotag.com/breakingnews/whale-0x54d-boosts-ethereum-holdings-by-805-1-eth-in-19-98m-trading-surge/