ChainCatcher reported that, according to monitoring by Lookonchain, a mysterious whale has been steadily buying ETH over the past three days. The address spent approximately $17.94 million in USDC in total and acquired 10,800 ETH, with an average transaction price of about $1,661 per ETH.
In crypto market terminology, a “whale” generally refers to an address or holder associated with large-scale balances or transactions. Such on-chain activity is often tracked by data platforms because the size of the transactions makes the movements visible on public blockchain records. In this case, the disclosed details from Lookonchain include the buying period, the payment asset, the accumulated ETH amount, and the average price: three days, about $17.94 million in USDC, 10,800 ETH, and an average price near $1,661.
The purchased asset in the reported activity was ETH, while USDC was used as the payment asset. Based on the information provided, the accumulation was carried out over a three-day period rather than described as a single one-time purchase. ChainCatcher relayed the monitoring update, and the identity of the mysterious whale was not disclosed in the report.