Ethereum Whale Buys 1,000 ETH After Switching to Spot Trading, Now Holds 7,066 ETH Worth $21.22M with $4.78M USDC Idle

COINOTAG News, citing Onchain Lens monitoring, reports that a whale address shifted to spot trading after a large contract trading loss and purchased 1,000 ETH from HyperLiquid two hours ago. The address now holds 7,066 ETH (about $21.22 million) with ~4.78 million USDC idle, potentially reserved for additional acquisitions.

Previously, the same wallet incurred roughly $8 million in losses via contract trading and has since pivoted to spot trading markets, reflecting a recalibration of capital deployment and risk tolerance.

Analysts note the idle USDC could enable measured accumulation of ETH, influencing liquidity dynamics without implying a price forecast. The move highlights how selective whales manage liquidity in a volatile market environment.