Whale User ‘0xbA7’ Boosts ETH Holdings with $15.81M in USDT Deposits on Bybit

COINOTAG reports that on May 9th, data from TheDataNerd reveals a significant movement in the cryptocurrency market. A whale account, identified as “0xbA7,” deposited an impressive 9.47 million USDT on the Bybit exchange, subsequently acquiring 4415 ETH. This transaction highlights the active presence of institutional investors in the Ethereum market. Following this purchase, the whale’s total Ethereum holdings surged to 7130 ETH, which translates to an estimated value of $15.81 million. The average price at which this whale has entered the market stands at approximately $1900 per ETH. Such movements may indicate growing confidence among large investors regarding the potential of Ethereum as they adapt to market trends and developments.