Significant Ethereum Purchases Observed in Recent Transactions

According to TechFlow, recent data from the on-chain analysis platform Lookonchain reveals that three newly created wallet addresses have collectively acquired 73,821 Ethereum, valued at approximately $283 million, within the past eight hours. Furthermore, since July 9, a total of 11 new wallets have accumulated 722,152 Ethereum, amounting to an estimated value of $2.77 billion. This trend highlights a significant increase in Ethereum purchases over the past few weeks.