TechFlow reported on June 15 that, according to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), a large holding address that previously drew attention for using “an inherited $10 million for swing trading” has added to its Ethereum position again after roughly half a month.
About three hours before the report was published, the address used 10 million USDe to buy 5,817.33 ETH. The average execution price for the purchase was $1,718.88 per ETH. The latest transaction continues the address’s pattern of deploying sizeable funds into ETH-related positioning.
Since May 18, the address has put a cumulative $30.6 million into building an ETH position. TechFlow noted that the amount already exceeds the scale previously associated with the address’s swing-trading operations. Further changes to the position would need to be reflected in updated on-chain transfer and trading records.