Ethereum Whale Dem Dey Collect 113K ETH Through FalconX Inside Six Days
One Ethereum whale we no sabi don gather 113,028.97 ETH through FalconX for the past six days, dem don invest about $424 million for average price of $3,752 per ETH. Di wallet now dey show unrealized gain of about $12 million. Dis kain big ETH accumulation dey tighten market liquidity and e strong show say whale activity dey grow, e fit be good sign for Ethereum price movement. Crypto traders suppose dey watch on-chain metrics for big deposits and withdrawals, cos these moves fit show market wahala and change investors mind.
Bullish
For short term, dis big ETH accumulation by one unknown whale through FalconX dey reduce how much ETH dey available for Ethereum on-chain market, e fit make price go up and trigger bullish momentum. Historically, big whale buys fit cause FOMO among retail traders, make buying demand strong and cause price to jump quick. For long term, steady whale interest show say dem get confidence for Ethereum role for DeFi, Web3, and upcoming network upgrades, mean say price fit still go up. But traders suppose dey watch well well for wahala if the whale decide to liquidate im position.