Ethereum Whale Buys $63 Million in ETH: Smart Money Calling a Bottom?

Ethereum is attracting a fresh wave of buying as one big whale scooped up nearly $63 million worth of ETH during the latest market dip. The aggressive buy comes as ETH trades below $2,300, raising questions about whether deep-pocketed investors see a recovery taking shape. On-chain analytics platform Lookonchain reported that the whale accumulated 27,553 ETH over five hours at an average price of $2,286. The wallet’s rapid buying spree followed an earlier purchase of 16,658 ETH using nearly $38 million in USDC. The address continued adding to its position, bringing the total purchase value to more than $62 million. The activity also shows the investor is willing to deploy substantial capital while Ethereum remained under pressure.

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