Whale Buys 2,000 ETH on Cowswap Spending $5.9M USDC, Signals Major Ethereum Move

On July 13, a significant transaction was recorded on the Ethereum blockchain, highlighting increased activity among major investors. According to on-chain analyst Ai Yi (@ai_9684xtpa), a prominent whale address, identified as 0x208…5b971, executed a purchase of 2,000 ETH via Cowswap. The acquisition involved a substantial outlay of 5.9 million USDC, with the average price per ETH approximately $2,952.27. This sizable trade underscores the ongoing interest and liquidity within the Ethereum market, reflecting strategic asset accumulation by high-net-worth participants. Monitoring such large-scale transactions provides valuable insights into market sentiment and potential price movements, reinforcing the importance of on-chain data analysis in cryptocurrency investment strategies.