On-chain whale address 0x9EcA spent 37.96 million USDC to purchase 16,658 ETH over a two-hour window at an average price of $2,279 per token. The large accumulation activity was flagged by on-chain trackers monitoring significant wallet movements. The buying spree continued as of the latest data, with the whale still actively accumulating ETH positions. The transaction volume represents one of the notable single-wallet ETH purchases observed in recent hours.