An ETH swing whale spent 10 million USDC to purchase 3,875 ETH one hour ago.

According to TechFlow news from ShenChao, on June 14, chain analyst Yu Jin monitored that a whale/institution that made $30.45 million profit from two $ETH swing trades spent another 10 million $USDC an hour ago to purchase 3,875 ETH. In the past three days, they have cumulatively spent 186 million $USDC to buy 70,465 $ETH! The average price was $2,647.7. They currently still hold as much as 150 million $USDC, meaning they have a large amount of funds available if they want to continue buying.