Whale 0x54d…e6029 Buys $17M in Ethereum, Profits $605K from Recent ETH Trades

On July 19, prominent on-chain analyst Ai Yi (@ai_9684xtpa) reported a significant transaction involving the whale wallet 0x54d…e6029. This entity acquired 4,772.89 ETH within a brief 10-minute window, at an average price of $3,581.22 per ETH, totaling approximately $17.09 million. This sizeable purchase underscores the continued interest of large investors in Ethereum amid current market dynamics. Notably, the same whale realized a profit of $605,000 from ETH trading activities between June 20 and July 2, reflecting strategic positioning in volatile conditions. Such movements by high-net-worth holders often signal confidence in Ethereum’s medium-term outlook, providing valuable insights for market participants and institutional investors monitoring whale activity for trend analysis.