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<p>A crypto whale, identified by the address 0xe4eefc9f3b40eba64d28cb1468cad0ac83a56c39, has withdrawn substantial amounts of Ethereum (ETH) from the crypto exchange Coinbase according to data from on-chain analytics firm Spotonchain.&nbsp;</p>
<p>In a notable transaction, the whale withdrew 372.88941 ETH, valued at approximately $1.19 million, from Coinbase. This withdrawal is part of a larger trend, where the whale has allegedly extracted 10,227 ETH, worth $34.1 million, from Coinbase over the past day.</p>
<h2 class="wp-block-heading" id="strong-a-significant-loss-amidst-a-declining-eth-price-strong"><strong>A Significant Loss Amidst a Declining ETH Price</strong></h2>
<p>Notably, the whale’s accumulation of ETH has occurred during a period of price decline for the cryptocurrency. The price of ETH has dropped nearly 21% in the past week according to the Spotonchain’s <a href="https://platform.spotonchain.com/en/signal-details/whale-keeps-accumulating-eth-from-coinbase-64693" target="_blank" rel="noopener noreferrer nofollow">report</a>.&nbsp;&nbsp;</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="624" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-1024x624.png" alt="" class="wp-image-456069" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-1024x624.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-767x467.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-1536x935.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-2048x1247.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-575x350.png 575w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872-788x479.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-872.png 606w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Consequently, the whale has incurred an estimated total loss of $1.35 million due to the unfavorable market conditions. However, the whale’s actions suggest a long-term bullish sentiment towards ETH, capitalizing on the dip to accumulate more holdings.</p>
<p>In a separate but equally significant development, another cryptocurrency whale, <a href="https://platform.spotonchain.com/en/signal-details/giant-whale-bought-eth-on-chain-in-mass-64535" target="_blank" rel="noopener noreferrer nofollow">identified</a> by the address 0x22162dbba43fe0477cdc5234e248264ec7c6ea7c, has made a massive on-chain purchase of ETH. This whale acquired 13,574 ETH by spending 42.57 million USDC, at an average price of $3,136 per ETH, over the past 45 minutes.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="673" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-1024x673.png" alt="" class="wp-image-456061" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-1024x673.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-300x197.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-767x504.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-1536x1009.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-2048x1345.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-228x150.png 228w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-533x350.png 533w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871-788x517.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-871.png 615w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="strong-a-diversified-portfolio-and-liquidity-provision-strong"><strong>A Diversified Portfolio and Liquidity Provision</strong></h2>
<p>Moreover, this whale has been actively accumulating ETH over the past 18 hours, spending a total of 81.57 million USDC to acquire 25,828 ETH at an average price of $3,158. Significantly, 12,280 ETH, now valued at $37.95 million, along with 19.79 million USDC and 25,000 ETHFI tokens (worth $73,800), have been added to liquidity pools on the decentralized exchange Uniswap.</p>
<p>The whale’s diversified portfolio spans various platforms, holding a total of 61,789 ETH, currently valued at $190.9 million. This includes 20,007 ETH ($61.82 million) in ether.fi, making the whale the second-largest depositor, 14,002 ETH ($43.27 million) across Uniswap’s liquidity pools, 10,001 ETH ($30.9 million) in Renzo, 13,584 ETH ($41.97 million) in the wallet, and 4,202 ETH ($12.98 million) in Swell.</p>
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<p>The aggressive accumulation of ETH by these two whales amidst a price dip suggests a strong belief in the long-term potential of the cryptocurrency. Their diversified holdings and participation in liquidity provision underscore their commitment to the Ethereum ecosystem.</p>
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<p>The post <a href="https://captainaltcoin.com/two-big-whales-aggressively-accumulate-ethereum-eth-amid-price-dip-a-stragetic-move/" rel="noopener noreferrer nofollow">Two Big Whales Aggressively Accumulate Ethereum (ETH) Amid Price Dip: A Stragetic Move?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Two Big Whales Aggressively Accumulate Ethereum (ETH) Amid Price Dip: A Stragetic Move?

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