In a notable surge of Ethereum accumulation, blockchain analytics platform Lookonchain has reported a flurry of whale activity over a short two-hour span.
The data highlights significant purchases by multiple wallets, signaling renewed confidence or strategic accumulation in anticipation of market moves.
According to Lookonchain:
- Wallet 0xDdb4 borrowed $3.44 million USDC from Aave and spent the entire sum to purchase 1,856 ETH.
- Wallet 0xf84d borrowed $1.64 million USDC, of which $2.34 million was spent to acquire 1,259 ETH—suggesting an additional source of capital or leverage.
- A newly created wallet (0x69D0) withdrew 2,250 ETH, valued at approximately $4.12 million, from Binance.
This cluster of activity reflects intensified interest from deep-pocketed investors, a trend often interpreted as a bullish signal—especially if mirrored across other metrics like exchange outflows or network activity.
Whether these moves are speculative, strategic, or part of larger DeFi operations, the sudden uptick in ETH accumulation underscores the token’s pivotal role in the broader crypto ecosystem.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/whale-activity-spikes-as-eth-sees-massive-buys-in-just-two-hours/