Giant Whale invested $186 million in three days to buy the bottom of ETH and still hold $150 million in stablecoins

Recently, on-chain data showed that a large-scale investor made a large Ethereum transaction in a short period of time. In total, the investor invested about $186 million in stablecoins over the past three days, buying 70,465 ETH at an average purchase price of $2,647.7.

The latest transaction took place an hour ago, when the investor bought 3,875 ETH using $10 million in stablecoins. It is worth noting that this investor previously made a profit of $30.45 million from two price fluctuations in Ethereum.

Currently, the investor still has about $150 million in stablecoins in his account. This series of large-scale transactions has attracted the attention of the market, which may indicate that some large institutional or individual investors are optimistic about the future direction of Ethereum.

This kind of large trading behavior may have some impact on the market, and investors should pay close attention to the subsequent developments. However, it is also necessary to be vigilant that the behavior of a single large investor does not necessarily represent the overall market trend, and investment decisions still need to be cautious.