This Whale Keeps Grabbing Ethereum (ETH) Despite Price Rise - Potential Reason

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This Whale Keeps Grabbing Ethereum (ETH) Despite Price Rise - Potential Reason
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54,000 $ETH bought on these major exchanges during the recent price rise. lookonchain

from two major exchanges recently. He did that despite the short price rise that happened earlier this week.The aforementioned investor accumulated 47,729 Ethereum in total from Coinbase and Gemini exchange, paying nearly $80 million for it.

A screenshot shared by @lookonchain shows that there were three purchase transactions of 14,871 ETH; 16,535 ETH and 10,214 ETH. This occurred on Feb. 15 and 16, when the ETH price briefly went up to the $1,680 level. Two more purchases were made after the price dropped to the $1,663 mark earlier today. At press time, Ethereum is trading at $1,662, per the data shared by CoinMarketCap.

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