Whale Purchases 6,488.5 ETH Using 11.5M USDC at $1,772
According to Lookonchain, a whale has made a significant purchase by acquiring 6,488.5 ETH at the price of $1,772 each, using 11.5 million USDC. This transaction indicates a strong bullish sentiment among large investors, possibly signaling a potential upward movement in Ethereum's price. Traders should monitor ETH prices closely for any immediate impacts or trends resulting from this substantial acquisition.
SourceAnalysis
On April 3, 2025, at 14:30 UTC, a significant market event occurred when a whale purchased 6,488.5 ETH at a price of $1,772 per ETH, spending a total of 11.5 million USDC. This transaction was recorded on the Ethereum blockchain and reported by Lookonchain on Twitter (Lookonchain, 2025). The whale's address, 0xd0af..., was identified as the buyer, showcasing a strategic move to buy during a dip in the market. The exact timing of this purchase coincided with a period of temporary price decline, with Ethereum trading at $1,772, down from a recent high of $1,850 just 24 hours prior (CoinGecko, 2025). This whale's purchase signals potential confidence in Ethereum's future value, considering the significant capital investment made during a dip.
The immediate impact of this whale's purchase on the Ethereum market was noticeable. Within the hour following the transaction, Ethereum's price saw a quick recovery, rising to $1,795 by 15:00 UTC, a 1.3% increase from the purchase price (CoinGecko, 2025). This price movement suggests that the whale's buying activity may have sparked renewed buying interest from other market participants. Additionally, the trading volume for the ETH/USDC pair on major exchanges like Binance and Coinbase surged by 15% within the same hour, with a total volume of 1.2 million ETH traded, up from an average of 1.04 million ETH per hour over the past 24 hours (CoinMarketCap, 2025). This increase in volume indicates heightened market activity and liquidity following the whale's purchase. Moreover, the impact extended to other trading pairs such as ETH/BTC, where the price of ETH in BTC terms rose by 0.5% to 0.058 BTC within the same timeframe (CoinGecko, 2025).
Analyzing the technical indicators and volume data post-whale purchase provides further insights into market dynamics. The Relative Strength Index (RSI) for Ethereum, which had dipped to 35 before the whale's purchase, rebounded to 42 within an hour, indicating a shift from oversold to a more neutral territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 14:45 UTC, suggesting potential upward momentum (TradingView, 2025). On-chain metrics further corroborate this analysis, with the number of active Ethereum addresses increasing by 7% to 500,000 within the hour following the purchase, indicating heightened network activity (Etherscan, 2025). Additionally, the transaction volume on the Ethereum network increased by 10% to 1.5 million ETH, reflecting increased engagement and liquidity (Etherscan, 2025).
This whale's purchase, while not directly related to AI developments, can be analyzed in the context of AI's influence on the crypto market. AI-driven trading algorithms, which monitor market sentiment and trading volumes, might have reacted to the whale's move, potentially influencing subsequent trading volumes and price movements. For instance, AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) experienced a slight uptick in trading volumes by 5% and 3%, respectively, within the hour following the whale's purchase, suggesting a possible correlation with broader market sentiment shifts (CoinMarketCap, 2025). Moreover, AI-driven sentiment analysis tools reported a 2% increase in positive sentiment towards Ethereum on social media platforms following the whale's purchase, further indicating AI's role in market sentiment tracking (Sentiment, 2025).
The immediate impact of this whale's purchase on the Ethereum market was noticeable. Within the hour following the transaction, Ethereum's price saw a quick recovery, rising to $1,795 by 15:00 UTC, a 1.3% increase from the purchase price (CoinGecko, 2025). This price movement suggests that the whale's buying activity may have sparked renewed buying interest from other market participants. Additionally, the trading volume for the ETH/USDC pair on major exchanges like Binance and Coinbase surged by 15% within the same hour, with a total volume of 1.2 million ETH traded, up from an average of 1.04 million ETH per hour over the past 24 hours (CoinMarketCap, 2025). This increase in volume indicates heightened market activity and liquidity following the whale's purchase. Moreover, the impact extended to other trading pairs such as ETH/BTC, where the price of ETH in BTC terms rose by 0.5% to 0.058 BTC within the same timeframe (CoinGecko, 2025).
Analyzing the technical indicators and volume data post-whale purchase provides further insights into market dynamics. The Relative Strength Index (RSI) for Ethereum, which had dipped to 35 before the whale's purchase, rebounded to 42 within an hour, indicating a shift from oversold to a more neutral territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 14:45 UTC, suggesting potential upward momentum (TradingView, 2025). On-chain metrics further corroborate this analysis, with the number of active Ethereum addresses increasing by 7% to 500,000 within the hour following the purchase, indicating heightened network activity (Etherscan, 2025). Additionally, the transaction volume on the Ethereum network increased by 10% to 1.5 million ETH, reflecting increased engagement and liquidity (Etherscan, 2025).
This whale's purchase, while not directly related to AI developments, can be analyzed in the context of AI's influence on the crypto market. AI-driven trading algorithms, which monitor market sentiment and trading volumes, might have reacted to the whale's move, potentially influencing subsequent trading volumes and price movements. For instance, AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) experienced a slight uptick in trading volumes by 5% and 3%, respectively, within the hour following the whale's purchase, suggesting a possible correlation with broader market sentiment shifts (CoinMarketCap, 2025). Moreover, AI-driven sentiment analysis tools reported a 2% increase in positive sentiment towards Ethereum on social media platforms following the whale's purchase, further indicating AI's role in market sentiment tracking (Sentiment, 2025).
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