According to @ai_9684xtpa, a large investor executed two on-chain transactions to purchase 5,073.16 ETH using 20.08 million USDC, achieving an average price of $3,958 per ETH. This purchase price was $37 higher than the concurrent centralized exchange (CEX) price of $3,921, indicating the buyer accepted significant slippage to complete the transaction quickly. Such aggressive on-chain buying activity can signal bullish sentiment among large holders and may create short-term upward pressure on ETH prices. Traders should monitor follow-up wallet activity and potential impacts on liquidity and volatility. Source: @ai_9684xtpa.