Unidentified Whale Acquires $10 Million in Ethereum

An unidentified large investor has recently purchased $10 million worth of Ethereum (ETH), signaling continued confidence despite recent profitable trades. The transaction, executed through market maker Wintermute using $54.9 million USDC, showcases a strategic and institutional approach to investment. This move is expected to impact short-term Ethereum liquidity as the entity bypassed major exchanges to execute trades with over 70,465 ETH.