
Blockchain analytics platform Lookonchain reports that an unidentified whale wallet, 0xC9D6, has spent 3.43 million USDC to purchase 1,500 Ethereum in a transaction carried out roughly six hours ago.
This latest move builds on a broader accumulation trend that began on February 15. Since then, the wallet has invested a total of 46.99 million USDC to purchase 21,800 ETH at an average entry price of $2,155, with current holdings reflecting about $3 million in unrealized gains.
Source: Lookonchain