Whale Resurfaces with Strategic Purchase
On January 24, as Ethereum broke above the $3,000 psychological level, a notable whale re-entered the market. This entity had previously lost $13.7 million through poorly timed trades last November.
Data shows the whale deployed $15.33 million to buy 5,157 ETH at an average price of $2,972 per ETH. Unlike prior trades that ended quickly with losses, the whale is currently holding the entire position without any sell activity.
Sign of Market Confidence?
This substantial purchase occurred during Ethereum's recent price recovery, suggesting renewed confidence. Despite past setbacks, the whale's current buy-and-hold strategy could signal positive expectations for the medium-to-long term.
- Purchase time: 1AM on January 24
- ETH bought: 5,157
- Average price: $2,972
- Total investment: $15.33 million
As Ethereum continues its upward trend, such whale activity could significantly influence overall market sentiment.