📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Ethereum (ETH) has recently shown strong performance, breaking through the $4700 mark. This surge has triggered a series of notable movements in the market.
According to on-chain data analysis experts, an ETH whale investor sold 10,256 ETH at an average price of $3,835 about a week ago, totaling nearly 40 million USDT. However, as the price of ETH continues to rise and approaches its historical high, this investor seems to have changed strategies.
Since early yesterday morning, the investor has begun to repurchase a large amount of ETH. To date, a total of 14,930 ETH have been purchased, with a total investment of over 70 million USD and an average buying price of over 4,700 USD. This operation has attracted widespread attention in the market, as the buying price is significantly higher than the previous selling price.
It is worth noting that this investor has deposited all the newly purchased ETH into the decentralized lending platform Aave. However, there are currently no signs indicating that they intend to leverage by borrowing stablecoins.
At the same time, other important trends have emerged in the market. There are reports that some long-term holders of ETH have begun to close their positions, while on-chain data shows that multiple large amounts of ETH are being transferred to exchanges, which could indicate cash-out behavior.
These market trends reflect the high volatility of the cryptocurrency market and the diversity of investor strategies. Although some whales have accumulated considerable wealth, their operations do not always achieve perfect buy low and sell high. This serves as a reminder to investors that even experienced market participants find it difficult to accurately predict short-term market movements.
As the price of ETH continues to rise, all parties in the market are closely watching the subsequent developments. Whether it breaks through further or undergoes a pullback and consolidation, the trend of ETH will have a significant impact on the entire cryptocurrency market. Investors need to remain vigilant and manage risks when participating in the market.