Whale investor buys $111 million worth of Ethereum one year after selling: onchain data
A whale investor purchased over $111 million in Ethereum after being dormant for seven months and selling a year prior.Summary
On Wednesday, an unidentified whale investor acquired 50,706 ETH, valued at $111.62 million, using USDT at an average price of $2,201, according to Lookonchain data. This purchase followed seven months of inactivity and occurred one year after the same whale sold 28,683 ETH at an average price of $3,892, suggesting a strategic move for a lower entry point anticipating future price appreciation. This activity mirrors other recent large Ethereum purchases by dormant whale wallets. Meanwhile, Ethereum is trading around $2,198, down significantly from its all-time high, but the market has recently seen institutional inflows via spot ETFs and positive regulatory clarity from the SEC stating most digital assets are not securities.
(Source：The Block)