Whale Buys 4,521 ETH at $2,593 Each Following Ethereum Price Dip

According to COINOTAG News on June 13, data from Lookonchain reveals that following the recent decline in Ethereum (ETH) prices, two prominent wallet addresses, potentially controlled by a single whale investor, strategically purchased a total of 4,521 ETH. The acquisition occurred at an average price of $2,593 per ETH, amounting to an estimated investment of approximately $11.7 million. This transaction highlights significant market activity by large holders capitalizing on price corrections to increase their exposure to Ethereum, reflecting ongoing confidence in the asset’s medium-term value proposition.