Anonymous Whale Adds Millions to ETH Holdings Amid Growing Accumulation Trend

An anonymous cryptocurrency whale has made another significant purchase of Ether (ETH), swapping $11.81 million in USDC for 7,000 ETH on CoW Swap, a decentralized exchange.

The transaction occurred approximately 10 minutes ago and is part of a broader accumulation trend by the same address, which has now acquired a total of 17,800 ETH worth $29.76 million over the past 10 days.

The whale's average purchase price for Ethereum was $1,672 per coin, suggesting a deliberate and cost-efficient accumulation strategy.

Using CoW Swap, a platform that protects users from MEV attacks through its batch auction mechanism, indicates a preference for privacy and self-custody.