According to CoinMeta, the on-chain address 0x9ec…15547 purchased a large quantity of ETH totaling 18,643.42 units at an average price of $2,274 within the past 2 hours, for a cumulative amount of over $42.4 million. Currently, this address is still continuing to make purchases in batches. The funding source for its USDC comes from Kraken and Crypto.com, although the ownership is not yet clear.