A certain address accumulated approximately 18,600 ETH in purchases o
Original headline某地址两小时累计买入约 1.86 万枚 ETH
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An address accumulated approximately 18,600 ETH over two hours on November 2, worth over $42.4 million at an average entry price of $2,274 per ETH, according to on-chain monitoring by Ai Yi (reported by TechFlow). The wallet continues to buy in batches, funding its purchases with USDC withdrawn from exchanges Kraken and Crypto.com. The identity of the address remains unknown, leaving open whether the buying is institutional accumulation or a single large trader positioning ahead of a directional move. Large-scale accumulation at this size can tighten near-term ETH supply and signal conviction among deep-pocketed buyers. Watch for whether the address keeps adding to its position, any further exchange outflows of USDC or ETH, and whether the wallet's holdings move or remain parked.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
ETH (ETH), Kraken, Crypto.com
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