Transaction records also show large inflows of ETH into a single receiving wallet, with high-value transfers coming in quick succession. These included multi-million dollar movements from Coinbase hot wallets and Wintermute’s trading addresses, consolidating tens of thousands of ETH coins in a short window.
Before these ETH acquisitions, the whale had received over $127 million in USDC stablecoin, possibly suggesting a planned and calculated move rather than a spontaneous dip buy.
Featured image from Unsplash, chart from TradingView
