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The smart money wallet that famously accumulated 11,004 ETH back in 2016 at an average price of just $3.45 , a trade that eventually generated over $30M in profit ... is aggressively buying $ETH again.
Over the past two days, the wallet has accumulated another 5,283.61 ETH on-chain, spending around $11.48M at an average entry price near $2,172.7. But this time, the timing hasn’t been perfect so far. With ETH pulling back shortly after the buys, the position is currently sitting on an unrealized loss of roughly $320K.
What’s interesting is that despite already having one of the most legendary #ETH trades on record, the wallet still appears highly conviction-driven and continues scaling into Ethereum during volatility rather than waiting for confirmation.
Address: 0x3cddc25721db851bfad5c87f812051278a8f0a40