Buying the Dip: Strategic Accumulation Sparks Market Interest
On January 21, chain data revealed that a leading research firm transferred 70 million USDT to Binance and acquired 24,555 ETH worth $75.54 million, moving significant holdings back on-chain. This strategic purchase lowered its average entry price, reinforcing its long-term position in Ethereum.
Portfolio Reaches 651,300 ETH Amid Market Volatility
The firm now holds a total of 651,300 ETH, valued at approximately $1.92 billion. Despite an average cost basis of $3,180 per ETH—resulting in a paper loss of around $163 million—the decision to accumulate during a downturn highlights strong confidence in Ethereum's future trajectory.
What This Means for the Broader Market
Large-scale accumulation like this often serves as a market signal. Analysts suggest such moves may reflect shifting institutional sentiment toward digital assets. With ongoing Ethereum upgrades and expanding real-world use cases, more investors could follow suit in the coming months.
- ETH acquired in one day: 24,555
- Total holdings: 651,300 ETH
- Current portfolio value: ~$1.92B
- Average cost: ~$3,180
- Unrealized loss: ~$163M