A market crash for some is an opportunity for others. An Ethereum (ETH) whale recently seized the moment to accumulate more ETH following a significant price drop.
Whale Purchases 17,070 ETH Amid Price Plunge
Analyst CryptoGoos highlighted this major accumulation on X. An unknown whale purchased 17,070 ETH right after Ethereum's price plummeted. At current rates, this acquisition is worth $39 million**, with ETH priced at approximately **$2,250.
Why Did ETH Drop?
- Ethereum lost 12.80% in less than 24 hours due to geopolitical tensions triggered by U.S. strikes on Iran.
- Cryptocurrencies, considered high-risk assets, were heavily impacted.
- Bitcoin (BTC) fell below $100,000 for the first time in 1.5 months.
Mega-Whales See Buying Opportunity
According to Glassnode, ETH mega-whales (holders with 10,000+ ETH) used this dip to accumulate more:
- 116,800 ETH bought in a single day (June 21).
- Total value: $265.3 million.
👉 Want to buy ETH at the best rates?
Current ETH Performance
- Down 0.4% (24h).
- Down 14% (weekly).
- Outperformed by BTC, which dropped only 5% weekly.
FAQ
Q: Should I buy ETH now?
A: Market conditions suggest accumulation by large players, but always assess risk tolerance.
Q: What caused ETH’s crash?
A: Geopolitical instability reduced risk appetite across crypto markets.
Q: Are whales still buying?
A: Yes—data shows significant accumulation by major holders.
👉 Secure your ETH investments today.
Disclaimer: Investing in cryptocurrencies carries risks. Only invest what you can afford to lose.
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