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He's back to buy $ETH Again. One of the old ETH whales is back in the market again.
This is the same smart-money wallet that built a position of 11,004 ETH back in 2016 at an average price of just $3.45 and eventually walked away with roughly $30.38M in profit. After staying quiet for about a year, the wallet has suddenly started buying ETH again. About 3 hours ago, it bought 647.137 ETH on-chain at an average price near $2,211.49, worth roughly $1.43M.
Then the buying continued:
• 650.675 ETH bought for around $1.42M
• 653.471 ETH bought for around $1.43M
So in just a few hours, the whale accumulated nearly 2,000 ETH worth over $4.2M. What’s interesting is the wallet still has around $9.94M in USDC sitting idle, meaning this may only be the beginning if ETH keeps pulling back.
Add: 0x3cddC25721dB851BFaD5c87F812051278A8F0a40