As in every decline, whales became active and made new purchases in the recent decline. At this point, corporate whales did not remain idle while making million-dollar purchases.
According to Lookonchain's post, Fenbushi Capital and Galaxy Digital purchased Ethereum from Binance. Accordingly, Fenbushi Capital and Galaxy Digital purchased ETH worth $37 million in total.
“Both Fenbushi Capital and Galaxy Digital withdrew ETH from Binance following the market crash.
Fenbushi Capital withdrew 5,207.4 ETH ($17.2 million worth) from Binance 11 hours ago.
Galaxy Digital withdrew 6,000 ETH (worth $19.8 million) from Binance 4 hours ago.”
Ethereum, which dropped to $ 3,200 in the decline at the beginning of April, continues to be traded at $ 3,322 at the time of writing.
*This is not investment advice.