Breaking: Mystery whale snaps up 25,000 ETH in $53M buying spree
A previously unknown whale has amassed 25,000 ETH, valued at about $53.28 million, in a single-day buying spree. To fund the purchases, the entity deposited more than $52 million in USDC across Binance, Bybit and Deribit. After the trades settled, the whale transferred the full ETH position off exchanges into private custody, pulling a sizable chunk of liquidity from the market. Source: LookonChain