Odaily reported that, according to monitoring by Onchain Lens, a whale recently made another Ethereum purchase, spending $11.816003 million to buy 7,000 ETH. The transaction adds to a series of large ETH acquisitions tracked on-chain over recent days.
Over the past 10 days, the whale has spent a total of $29.76 million to acquire 17,800 ETH. The average purchase price across these transactions was $1,672 per ETH, based on the figures provided by Onchain Lens and cited in the Odaily newsflash.
In crypto market usage, a “whale” generally refers to an address or entity associated with large holdings or large transactions. On-chain monitoring services such as Onchain Lens track these movements and report wallet activity based on blockchain data. This report only identifies the purchase size, total spending, accumulated ETH amount and average price, without naming the address owner.