Amid ETH's sharp decline, whales buy against the trend: four large transactions collectively involve 116,500 ETH, worth approximately $229 million

Odaily: Despite continued pressure on the crypto market, some whales are still increasing their ETH holdings against the trend. According to on-chain data:

1. A wallet associated with Erik Voorhees has cumulatively bought 63,540 ETH, spending approximately $125.27 million, at an average purchase price of $1,972;

2. 7 Siblings bought 31,484 ETH, worth approximately $60.88 million, at an average price of $1,933;

3. Wang Chun (@satofishi) withdrew 10,997 ETH from Binance, worth approximately $21.88 million, at an average price of $1,990;

4. Trader 58bro.eth (@0x58bro), who previously made over $40 million in profits trading on Hyperliquid, withdrew 10,501 ETH from OKX, worth approximately $20.77 million, at an average price of $1,978.

The above four transactions collectively involve 116,522 ETH, worth approximately $229 million, indicating that some large holders are still positioning in ETH during the current market pullback. It should be noted that withdrawing coins from exchanges does not necessarily represent buying; it may also involve wallet transfers or other fund arrangements.