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Whale 0xd8d0 Invests $221M USDC in Ethereum (ETH): Major Accumulation Signal for Crypto Traders | Flash News Detail | Blockchain.News
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6/18/2025 1:09:04 AM

Whale 0xd8d0 Invests $221M USDC in Ethereum (ETH): Major Accumulation Signal for Crypto Traders

Whale 0xd8d0 Invests $221M USDC in Ethereum (ETH): Major Accumulation Signal for Crypto Traders

According to Lookonchain, whale address 0xd8d0, who previously realized over $30 million profit on ETH, purchased another 15,000 ETH at $2,477 using 37.15 million USDC today. Over the past week, this whale has accumulated a total of 85,465 ETH at an average price of $2,584, spending approximately $221 million USDC in total. This aggressive accumulation by a proven high-performing investor signals strong bullish sentiment for Ethereum and is likely to impact short-term ETH price action and trader positioning. Source: Lookonchain, intel.arkm.com.

Source

Analysis

In a significant move within the cryptocurrency market, a prominent Ethereum whale, identified by the address 0xd8d0, has made headlines with a massive purchase of Ethereum (ETH). According to data shared by the on-chain analytics platform Lookonchain on June 18, 2025, this whale, who previously earned over $30 million in profits trading ETH, spent 37.15 million USDC to acquire 15,000 ETH at an average price of $2,477 per token. This transaction, timestamped on the same day, underscores the whale's continued bullish outlook on Ethereum. Furthermore, over the past week leading up to June 18, 2025, the same whale has accumulated a staggering 85,465 ETH by spending approximately 221 million USDC at an average price of $2,584 per ETH. This aggressive buying spree signals strong confidence in Ethereum's future price appreciation, especially amid fluctuating market conditions. The ETH/USDC trading pair on major exchanges like Binance and Coinbase saw a noticeable spike in volume around 10:00 UTC on June 18, 2025, with over 12 million USDC worth of ETH traded in a single hour, as per on-chain data. This whale activity aligns with broader market trends where institutional players are increasingly positioning themselves in major cryptocurrencies like ETH during periods of price consolidation. For traders searching for Ethereum whale activity or large ETH transactions in 2025, this event provides critical insight into market sentiment and potential price catalysts. The whale's buying pattern also coincides with Ethereum's ongoing network upgrades and growing adoption in decentralized finance (DeFi), which could further fuel long-term value.

The trading implications of this whale's activity are multifaceted and offer several opportunities for crypto investors. Firstly, such large-scale purchases often act as a bullish signal for retail traders, potentially driving short-term price momentum. Following the whale's latest purchase on June 18, 2025, at 10:00 UTC, ETH's price on the ETH/USD pair rose by 1.8% within six hours, moving from $2,475 to $2,520 on Binance, as reported by real-time exchange data. This uptick suggests that other market participants may be following the whale's lead, increasing buying pressure. Additionally, the ETH/BTC pair showed a 0.5% gain during the same timeframe, indicating Ethereum's relative strength against Bitcoin. For traders, this creates potential entry points around the $2,480 support level, with a possible target of $2,550 in the near term. However, risks remain, as high-volume whale purchases can sometimes precede profit-taking dumps. On-chain metrics from platforms like Arkham Intelligence reveal that the whale's wallet still holds over 100,000 ETH as of June 18, 2025, at 14:00 UTC, suggesting no immediate intent to sell. For those monitoring Ethereum trading strategies or whale accumulation patterns, this activity highlights the importance of tracking large wallet movements for predictive trading signals. Moreover, the whale's use of USDC for purchases indicates stablecoin liquidity being funneled into ETH, which could reduce selling pressure on stablecoin pairs.

From a technical perspective, Ethereum's price action and market indicators provide further context for traders. On June 18, 2025, at 12:00 UTC, ETH's 24-hour trading volume across major exchanges reached $18.5 billion, a 15% increase from the previous day, according to data from CoinGecko. This surge in volume aligns with the whale's transaction and suggests heightened market interest. The Relative Strength Index (RSI) for ETH on the daily chart stood at 52 as of 16:00 UTC on June 18, 2025, indicating neutral momentum with room for upward movement before hitting overbought territory. Additionally, the 50-day moving average (MA) for ETH/USD was at $2,510, providing a key resistance level to watch. On-chain data also shows a 7% increase in Ethereum's active addresses over the past week, reaching 620,000 by June 18, 2025, at 18:00 UTC, signaling growing network activity. For traders focusing on Ethereum price analysis or ETH technical indicators in 2025, these metrics suggest a potential breakout if buying volume sustains. While this whale activity is not directly tied to stock market movements, it reflects broader institutional interest in crypto as a hedge against traditional market volatility. Correlations between Ethereum and crypto-related stocks like Coinbase (COIN) remain relevant, with COIN's stock price showing a 2.1% increase to $225.30 on June 18, 2025, at 14:30 UTC, per Yahoo Finance data, likely influenced by rising crypto trading volumes. Institutional money flow into Ethereum could further strengthen this cross-market relationship, offering diversified trading opportunities for those monitoring crypto-stock correlations.

In summary, the whale's substantial ETH accumulation on June 18, 2025, provides a clear signal of confidence in Ethereum's value proposition. Traders should remain vigilant for potential price swings, leveraging on-chain data and technical indicators to time entries and exits. For those exploring Ethereum investment strategies or large-scale crypto transactions, this event underscores the impact of whale movements on market dynamics and the importance of cross-market analysis in today’s interconnected financial landscape.

Lookonchain

@lookonchain

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