New Whale Wallet Accumulates $7.31M in ETH, Transfers Funds On-Chain

BitcoinWorld New Whale Wallet Accumulates $7.31M in ETH, Transfers Funds On-Chain A newly created anonymous wallet has accumulated approximately $7.31 million worth of Ethereum (ETH) over the past hour, according to on-chain analyst ai_9684xtpa.

The address, beginning with 0x856, withdrew stablecoins from Binance and then executed split purchases of 3,877.67 ETH through the CoW Swap aggregator at an average price of $1,886.55 per ETH.

Shortly after, the entire purchased amount was transferred to another address starting with 0xC32. Details of the On-Chain Move On-chain data reveals a deliberate accumulation pattern.

The wallet first pulled stablecoins from Binance, a common method for high-volume buyers to avoid market slippage.