"An onchain whale has quietly spent $46.99 million accumulating 21,800 ether since February 15, with the latest purchase of 1,500 ETH coming just hours ago. A single wallet spent $46.99M to buy 21,800 ETH since Feb 15 at an average of $2,155 per coin. The wallet's latest buy of 1,500 ETH for $3.43M pushed unrealized profits to approximately $3M as ETH trades above $2,300."
"Having spent $46.99 million accumulating ether since February 15, buying a total of 21,800 ETH at an average price of $2,155 per coin, the whale's most recent purchase included $3.43 million spent to acquire 1,500 ETH, with the position now sitting on approximately $3 million in unrealized profit. However, this unrealized gain on a $47 million position comes with a thin margin, meaning the wallet has limited cushion if conditions deteriorate."
"The wallet's identity remains unknown, but it is markedly separate from another wallet holding 127,716 ETH worth roughly $292M. The unknown ETH whale's most recent accumulation streak, per Arkham The wallet's identity has not been publicly confirmed, and it does not appear to be connected to any known public figure or institution."
"That said, as Bitcoin.com News reported earlier this month, one more wallet has been accumulating ether at a similar furious pace, having already amassed 27,716 ETH worth approximately $292 million (and counting) over the same period. All of this activity comes as ether has underperformed bitcoin through much of 2026, with the former still well below its all-time highs. However, institutional and whale-level buyers appear to be using the relative weakness as a buying opportunity."
An unknown onchain wallet spent $46.99 million to accumulate 21,800 ETH since February 15, averaging about $2,155 per coin. The latest purchase involved 1,500 ETH for $3.43 million, bringing unrealized profit to roughly $3 million while ETH trades above $2,300. The position is large but has a thin margin, leaving limited cushion if market conditions worsen. The wallet’s identity is not publicly confirmed and appears unconnected to known public figures or institutions. Another wallet holds 127,716 ETH worth about $292 million accumulated over the same period. Ethereum’s relative underperformance versus Bitcoin in 2026 has coincided with increased institutional and whale buying activity.
Read at news.bitcoin.com
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