Ethereum (ETH) Faces 'Crazy' Whale Buying Spree On-Chain

Ethereum (ETH) is witnessing an aggressive wave of whale accumulation as large investors deploy tens of millions of dollars to purchase the second-largest cryptocurrency. The buying spree comes amid heightened market volatility , with ETH attempting to stabilize following a sharp correction. According to recent on-chain data, one unidentified whale spent a staggering $62.97 million over just five hours to acquire 27,553 ETH, paying an average price of $2,286 per token. In the mean time, another whale has shown a similar buying behavior.