Whale Deposits $9.47 Million on Bybit, Acquires 4,415 ETH

In Brief:

A whale deposited 9.47 million USDT to Bybit and bought 4,415 ETH.

The whale now holds 7,130 ETH with an average entry price of $1,900.

In a significant move, a whale identified as 0xbA7 deposited 9.47 million USDT to the Bybit exchange 5 hours ago and proceeded to purchase 4,415 ETH. With this new acquisition, the whale's total ETH holdings have risen to 7,130, valued at approximately $15.81 million. The average purchase price per ETH was around $1,900, reflecting the whale’s strategic entry into the market.

This move adds to the ongoing trend of large institutional investors making significant buys in Ethereum, potentially signaling confidence in ETH's future price growth. The transaction highlights the whale’s continued accumulation strategy in the midst of market volatility.

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