Whale wallet 0x4AB7 purchased 3,300 ETH worth approximately $7.41 million on November 8, 2026. On-chain tracking service Lookonchain detected that the transaction executed at an average price of around $2,245 per coin. This multi-million-dollar purchase adds to a series of accumulation transactions recorded across the Ethereum network throughout the week.
Blockchain transaction records show that the purchase was not an isolated, spontaneous move. Fund flows in wallet 0x4AB7 reflect a gradual accumulation strategy spanning seven days, focused on gathering coins within a specific price range.
$29.95 Million Accumulated in a Week
Over the past week, wallet 0x4AB7 amassed a total of 13,077 ETH. The cumulative value of these coin withdrawals reached $29.95 million, with an average execution price of around $2,290 per ETH.
A comparison between the weekly average price of $2,290 and the latest purchase at $2,245 highlights the investor’s approach. Wallet 0x4AB7 took advantage of price dips toward lower bounds to add assets at a lower cost per coin than its prior average.
Two Other Wallets Enter at the Same Level
The buying activity by 0x4AB7 followed similar moves by other large entities the day before. On November 7, 2026, Lookonchain tracked two other whale wallets accumulating a combined 18,550 ETH at the same price support zone around $2,245.
The confluence of transactions from three distinct wallets at an identical price level reinforces $2,245 as a key support zone. The two earlier whale wallets secured 18,550 ETH at that level before 0x4AB7 stepped back in to absorb an additional 3,300 ETH in the same range.
Large Investor Interest Above the $2,200 Level
These recurring multi-million-dollar purchases signal strong buying interest from institutional players and smart money. These capital holders are capitalizing on the ongoing price consolidation above the psychological $2,200 mark to build their positions.
With price action holding above $2,200, large investors have chosen to absorb supply during consolidation rather than chasing trades amid sharp volatility spikes. The sequence of transactions over several days illustrates how large capital is positioning itself at key price levels.
For market participants watching Ethereum’s price trajectory, the concentrated accumulation near $2,245 highlights a price floor favored by major investors. Inflows of 13,077 ETH into one wallet and 18,550 ETH across two others confirm that institutions are actively capitalizing on the consolidation phase above $2,200.
Reported by @lookonchain on X.
Also read: How Crypto Staking Works and Its Risks
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
