A significant investor who participated in Ethereum's initial coin offering has resumed accumulation after a year of selling.
Summary of Ethereum Accumulation
According to on-chain data, the whale has withdrawn a total of 13,600 ETH from exchanges over the past three weeks, amounting to approximately $47 million. This activity signals the end of a long selling phase.
Details of the Latest Transaction
The latest transaction occurred just minutes ago, with 2,000 ETH withdrawn at an average price of $3,456 per ETH. This marks the first significant accumulation for the investor in two years.
Investor's Current Position
Currently, the whale holds 59,718 ETH in their on-chain wallet, valued at approximately $210 million based on the current price of ETH at $3,548.02. This position reflects a shifting outlook towards the current market conditions.
The resumption of accumulation by this Ethereum investor may indicate a growing confidence in the coin's future, influenced by current market conditions.
