Another big whale has made a move. Address 0x81D…74246 has recently attracted attention with its activity—over the past 45 minutes, this wallet bought 8,085 ETH at an average price of $3,932.8 per ETH, spending a total of $31.79 million.

Even more astonishing, when looking at the cumulative activity over the past 24 hours, this address has accumulated a total of 50,537.79 ETH, with a total investment of up to $162 million. From the initial scale of building a position of 42,452.79 ETH in a single day, it’s clear that this accumulation pace has not slowed down.

On-chain data shows that such large holdings often indicate a long-term bullish outlook on the market, or that they are expressing their view through continuous accumulation. How far this accumulation will go remains to be seen.