An address used 34.69 million USDC to purchase 15,200 ETH at an average price of approximately $2,279.

on November 02, according to on-chain analyst Ember (@EmberCN), a specific address used 34.69 million USDC on-chain to purchase 15,216 ETH at an average price of approximately $2,279. The USDC used for this transaction was withdrawn from the Kraken exchange earlier that day, with the fund flow indicating a withdrawal from Kraken followed by an on-chain purchase of ETH.