OTC Whale Accumulates 37,000 ETH in Two Weeks After Latest $19.1M Purchase

A cryptocurrency whale identified as 0x8c58 acquired another 10,000 Ethereum (ETH) through over-the-counter (OTC) transactions executed about 10 hours ago, according to blockchain transaction data. The purchases were completed in three separate transactions and were valued at approximately $19.1 million at the time of execution.

The latest acquisition follows an earlier series of OTC purchases by the same wallet. About two weeks ago, the address bought 27,000 ETH in transactions worth approximately $52.03 million, based on the reported value at the time.

The accumulation comes as Ethereum reclaimed the $1,900 mark. As of this writing, ETH is trading at $1,914, up 2.5% over the past 24 hours.

Source: Lookonchain