Ethereum (ETH) Whale Spends Another $2M USDC, Accumulating $38M in ETH Over Six Days

According to @ai_9684xtpa, an address associated with WLFI has continued its significant accumulation of Ethereum (ETH). The entity recently spent another 2 million USDC to purchase 560.713 ETH at an average price of $3,566.88. This latest transaction brings the total accumulation over the past six days to 10,574.25 ETH, valued at approximately $37.98 million, acquired at an average cost of $3,591.61 per ETH. The source notes that this position is currently showing an unrealized profit of $511,000, indicating strong bullish sentiment from this large-scale trader.
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In a significant development for Ethereum traders, a wallet address associated with WLFI has once again demonstrated strong accumulation activity in the ETH market. According to author @ai_9684xtpa, this address recently expended 200 million USDC to acquire 560.713 ETH at an average price of $3,566.88. This transaction, dated July 24, 2025, adds to a pattern of aggressive buying over the past six days, where the address has cumulatively purchased 10,574.25 ETH, equivalent to approximately $37.98 million, with an overall average price of $3,591.61. Currently, this position shows a floating profit of $511,000, highlighting the potential upside in ETH's price trajectory amid ongoing market volatility.
Analyzing WLFI's ETH Accumulation Strategy and Market Implications
From a trading perspective, this sustained buying spree by the WLFI-linked address could signal institutional confidence in Ethereum's long-term value, particularly as ETH navigates key support and resistance levels. Traders should note that the average entry price of $3,591.61 positions this accumulation below recent highs, potentially setting up for profitable exits if ETH rebounds toward $4,000 or higher. Over the six-day period, the consistent inflows—totaling over 10,000 ETH—suggest a strategic dollar-cost averaging approach, mitigating risks from short-term price fluctuations. For spot traders on exchanges like Gate, this activity might correlate with increased trading volumes in ETH/USDC pairs, where liquidity has been robust. If we consider broader market sentiment, such large-scale purchases often precede bullish runs, especially when tied to high-profile entities like WLFI, which could influence retail investor behavior and drive ETH price momentum. Key indicators to watch include ETH's 24-hour trading volume, which has hovered around billions in recent sessions, and on-chain metrics showing rising whale activity. Resistance at $3,800 could be tested soon if this buying pressure persists, offering swing traders opportunities to enter long positions with stop-losses near $3,400 support.
Trading Opportunities in ETH Amid Institutional Flows
Delving deeper into trading strategies, the WLFI address's moves provide actionable insights for both day traders and long-term holders. The latest purchase at $3,566.88, executed on July 24, 2025, occurred during a period of relative market stability, potentially capitalizing on dips below the 50-day moving average. Cumulative data reveals a floating profit of $511,000, calculated based on current market prices, which underscores the profitability of such accumulation tactics. For futures traders, monitoring open interest in ETH perpetual contracts could reveal hedging opportunities, especially if WLFI's buying correlates with spikes in leveraged positions. On-chain analysis from sources like ARKM Intelligence confirms the wallet's activity, with the address link providing transparency into these transactions. Broader implications extend to stock market correlations, where Ethereum's performance often mirrors tech-heavy indices like the Nasdaq, influenced by AI and blockchain integrations. Traders eyeing cross-market plays might consider ETH's role in decentralized finance (DeFi) ecosystems, where rising total value locked (TVL) could amplify gains from this whale accumulation. Risk management is crucial; with ETH's volatility index elevated, setting take-profit levels at $3,900 and monitoring for any reversal patterns like bearish divergences in RSI could protect against downside. This WLFI activity also ties into growing institutional flows in crypto, potentially boosting sentiment for AI-related tokens that leverage Ethereum's network, such as those in machine learning protocols.
Looking ahead, the ongoing ETH purchases by this WLFI-associated address could catalyze further market movements, especially if external factors like regulatory clarity or macroeconomic shifts align favorably. Traders should track real-time metrics, including ETH's price against BTC for relative strength, and consider the impact on trading pairs like ETH/USD and ETH/BTC. With a total accumulation of 10,574.25 ETH over six days, valued at $37.98 million, this represents a substantial vote of confidence that might encourage similar whale behaviors. For optimal trading, incorporating technical analysis—such as Fibonacci retracement levels from recent lows—can identify entry points around $3,500 support. Ultimately, this narrative underscores Ethereum's resilience, offering traders a blend of short-term scalping chances and long-term holding strategies amid evolving market dynamics.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references