Whales buy $eth in multi‑million usdc spree
Wallet 0x9EcA spent 37.96 million USDC to acquire over 16,600 ETH in a two‑hour window, according to Lookonchain.
Key takeaways
- 1Whale 0x9EcA bought 16,658 ETH for 37.96 M USDC
- 2Ethereum price $2,293.93, market cap $280.3 bn as of 01:45 UTC
On Nov 2, 2026, a wallet identified as 0x9EcA spent 37.96 million USDC to acquire 16,658 ETH at an average price of $2,279 over the previous two hours, according to on‑chain data recorded at 01:15 UTC.
Lookonchain, the on‑chain analytics service, flagged the transaction in its real‑time monitor and noted the whale continues to buy ETH, signalling ongoing demand from the address and adding to its cumulative on‑chain footprint.
Ethereum is the second‑largest cryptocurrency by market value, priced at $2,293.93 with a $280.3 billion market cap and ranked second as of 01:45 UTC on Nov 2, 2026. The network’s native token powers a broad range of decentralized applications, from finance to NFTs, and remains a key store of value for many investors. USDC, the leading dollar‑pegged stablecoin, sits at $1.00 and holds a $71.5 billion market value, ranking sixth among digital assets.
A multi‑million‑dollar purchase by a single address suggests strong confidence in ETH and could add short‑term buying pressure, especially as the market is already up 1.1 % in the last 24 hours. Traders will likely watch subsequent on‑chain flows, exchange order books and futures positions for signs of broader participation. Continued accumulation may influence sentiment among retail and institutional holders, and could prompt further analysis of large‑wallet activity in the coming days.
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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.