Crypto Whale Invests $1.3B in ETH Ahead of Inflation Report Release

A newly active cryptocurrency whale has purchased a significant amount of Ether, totaling $1.34 billion over the past eight days, according to crypto intelligence platform Lookonchain. This massive investment precedes crucial US inflation data releases that are expected to impact monetary policy decisions and influence cryptocurrency markets. Analysts speculate this accumulation may propel ETH closer to its all-time high of $4,890 while awaiting key inflation reports this week.