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Whale Tracker: Major Address Accumulates 1,700+ WETH Near Critical Support Level
A prominent blockchain address has made a significant move in the Ethereum ecosystem, acquiring approximately 1,778.7 WETH through a substantial capital deployment. According to on-chain data monitoring, wallet “0x208…5b971” committed 8.264 million USDC to secure the position at an average entry price of $4,646.4 per token during recent market conditions.
This trading entity has demonstrated active participation in the market throughout August, implementing a swing trading strategy with mixed results. The cumulative performance tracking reveals a net profit of $930,000 across two completed trades, though the outcomes varied—one successfully closed in profit while the other resulted in a loss.
The accumulation pattern observed in this transaction suggests strategic positioning by the address holder, who appears to be capitalizing on price dislocation. With approximately 1,700 WETH now held, this wallet represents a noteworthy participant in Ethereum’s whale activity landscape, reflecting the ongoing institutional and sophisticated investor interest in maintaining meaningful positions during volatility.