Ethereum

Aave

Accumulate

Millions

Million

<p>Spotonchain, an onchain analytics platform, <a href="https://x.com/spotonchain/status/1779315441720270931" target="_blank" rel="noopener noreferrer nofollow">reported</a> two notable instances of whale activity. Amid the 8% correction in the Ethereum (ETH) price over the past 24 hours, several whales have been aggressively accumulating ETH. Per the latest price information from CoinMarketCap, ETH trades <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$3,085.26</a>. This highlights a 5.30% value dip in the last day.</p>
<h2 class="wp-block-heading" id="strong-whale-0x435-scoops-up-23-790-eth-worth-70-million-strong"><strong>Whale 0x435 Scoops Up 23,790 ETH Worth $70 Million</strong></h2>
<p>The first instance involves a whale with the address 0x435, who spent $70 million in USDC to purchase 23,790 ETH at an average price of approximately $2,942. Significantly, this purchase indicates the whale’s conviction in Ethereum’s potential despite the price dip lately.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="979" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-705.png" alt="" class="wp-image-474621" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-705.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-1024x627.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-766x469.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-1536x940.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-2048x1253.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-572x350.png 572w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-705-788x482.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p>@spotonchain highlighted that this whale has been on an accumulation spree, amassing a total of 60,808 ETH (worth $191 million) from Binance and decentralized exchanges (DEXs) over the past 15 hours. This acquisition followed each sharp drop in ETH’s price, suggesting a strategic approach to capitalize on market volatility.</p>
<p>Currently, the whale holds an impressive 85,931 ETH (worth $278 million) and a substantial $136 million in stablecoins (USDT and USDC) on the Aave lending platform. This substantial holding underscores the whale’s bullish sentiment toward Ethereum and its potential for long-term growth.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-cvault-finance-deployer-acquires-2-018-eth-worth-6-million-strong"><strong>cVault Finance Deployer Acquires 2,018 ETH Worth $6 Million</strong></h2>
<p>The second instance of whale activity involved the deployer of cVault Finance, a decentralized finance (DeFi) protocol. This deployer spent $6 million in DAI to purchase 2,018 ETH at an average price of approximately $2,973.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="979" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-706.png" alt="" class="wp-image-474622" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-706.png 1600w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-1024x627.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-766x469.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-1536x940.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-2048x1253.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-572x350.png 572w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-706-788x482.png 788w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p>Notably, @spotonchain revealed that this same deployer had previously dumped 12,070 ETH (worth $31.06 million) on the chain in January, realizing a substantial profit of $17.03 million – a 101% gain.</p>
<h2 class="wp-block-heading" id="strong-whales-capitalize-on-market-volatility-strong"><strong>Whales Capitalize on Market Volatility</strong></h2>
<p>The accumulation of ETH by these whales during a period of price correction highlights their confidence in Ethereum’s long-term prospects. By purchasing ETH at lower prices, these whales are positioning themselves to potentially benefit from any future price appreciation.</p>
<p>Moreover, the substantial holdings of stablecoins by the whale 0x435 on Aave suggest a preparedness to deploy these funds for further ETH accumulation or other investment opportunities within the Ethereum ecosystem.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/whales-defy-ethereum-price-dip-accumulate-millions-in-eth-strategic-buys-spotlight-confidence/" rel="noopener noreferrer nofollow">Whales Defy Ethereum Price Dip, Accumulate Millions in ETH: Strategic Buys Spotlight Confidence</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Whales Defy Ethereum Price Dip, Accumulate Millions in ETH: Strategic Buys Spotlight Confidence

Innehållsförteckning

CaptainAltcoin

Andra artiklar publicerade 14 apr. 2024

Ripple proposes new lending protocol for XRP Ledger (XRPL

BlockDAG Presale Smashes $16.6M Following DAGpaper Release Amid BNB Volatility & Bitcoin ETF Inflows

Blockchain fraud group strikes again, launches fresh scheme on Blast network

Binance Executive on the Run: Nigeria Seeks Extradition from Kenya

Galaxy Digital CEO Says Bitcoin “Will Resume Its Trend Higher” After Epic Bloodbath

Bitcoin Price Drop and Upcoming Crypto Events

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!