COINOTAG News reports that a significant whale activity has been observed in the Ethereum market as of April 19th. According to data from LookIntoChain monitoring, a major investor acquired an additional 2400 Ether, translating to approximately $3.85 million just six hours ago. This notable transaction is part of a larger trend, with the same whale amassing a total of 12,010 Ether, representing an investment of around $18.39 million in the past ten days. The average purchase price during this period stands at $1531 per Ether. Such concentrated buying in a short timeframe could signal strong confidence in the Ethereum market outlook, drawing attention to the dynamics of whale movements in cryptocurrency trading.
Source: https://en.coinotag.com/breakingnews/whale-accumulates-12010-ether-spending-18-39-million-in-just-10-days/