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Gate ELSA Futures Trading Challenge is Now Live!
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Ethereum whales are becoming active again. According to on-chain data, a well-known whale wallet has continuously purchased 20,013 ETH in the past 6 hours, with a single transaction amounting to as much as $59.07 million.
What signals does this operation release? From recent ETH market performance, large holders increasing their holdings often indicate optimism about the future market. In the current environment of increased market volatility, the actions of institutional and whale investors are closely watched by the market.
It is worth noting that similar large on-chain purchases frequently occur, reflecting the continued optimism of some top addresses regarding Ethereum's medium-term prospects. For traders paying attention to on-chain movements, such whale activity data can often provide important references.