A mysterious whale suddenly poured $62.97 million into Ethereum! It bought 27,500 coins in 5 hours, at an average cost of $2,286.

A whale worth tens of millions of dollars has made an active purchase in the ETH market! A mysterious big spender invested nearly $63 million in just 5 hours, snapping up Ethereum. On November 2, according to monitoring, a whale spent a total of approximately $62.97 million to buy 27,553 ETH in the past 5 hours, with an average purchase price of approximately $2,286. It is worth noting that the whale did not complete the transaction in one go. Previously, on-chain monitoring had revealed that this address had purchased 16,658 ETH with approximately 37.96 million USDC in just 2 hours, at an average price of approximately $2,279. They then continued to buy more, eventually increasing the total purchase to 27,500 ETH. Judging from the scale of funds and the continuous buying behavior, this is more like a round of active position building than a normal small-scale asset adjustment. For the ETH market, the concentrated buying of nearly $63 million reflects that some large funds are actively allocating Ethereum, but the operation of a single whale cannot represent the overall market trend, nor can its final holding period be confirmed. In just 5 hours, this whale invested $62.97 million and snapped up 27,500 ETH! Was it positioning itself for a rebound in advance, or did it see an opportunity to allocate ETH relative to other assets? To track ETH fund flows in real time, understand market fluctuations and hot topics, register on Binance via the AiCoin exclusive link: 👉https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=3 Risk Warning: The views, conclusions, and suggestions in this article are for reference only and do not constitute investment advice. Investing involves risks; please invest cautiously.