Whale Spends $12.02M USDC to Buy 2,737 ETH; Slippage Raises Price to $4,391

COINOTAG reported on August 31 that EmberCN monitoring identified an on‑chain transaction in which an address deployed 12.02 million USDC to acquire 2,737 ETH, with an execution price near $4,391 per ETH. The trade underscores a significant capital movement captured by blockchain surveillance tools.

Because of the transaction size, the reported execution showed roughly $20 of slippage versus the contemporaneous ETH spot (~$4,370), indicating the trade interacted with available liquidity and market depth. Monitoring data suggest the impact on the execution price is consistent with large order flow crossing liquidity pools or order books.