According to TechFlow news from ShenChao, on June 14, chain analyst Yu Jin monitored that a whale/institution that made $30.45 million profit from two $ETH swing trades spent another 10 million $USDC an hour ago to purchase 3,875 ETH. In the past three days, they have cumulatively spent 186 million $USDC to buy 70,465 $ETH! The average price was $2,647.7. They currently still hold as much as 150 million $USDC, meaning they have a large amount of funds available if they want to continue buying.
According to TechFlow news from ShenChao, on June 14, chain analyst Yu Jin monitored that a whale/institution that made $30.45 million profit from two $ETH swing trades spent another 10 million USDC an hour ago to purchase 3,875 ETH. In the past three days, they have cumulatively spent 186 million USDC to buy 70,465 ETH! The average price was $2,647.7. They currently still hold as much as 150 million USDC, meaning they have a large amount of funds available if they want to continue buying.