"Wallet 0x65B4 sold 10,829 ether for approximately $24.91 million when ether traded near $2,300 three days ago. On Thursday, the same wallet re-entered with a purchase of 7,448 ether at $2,350, approximately 2% above the original exit price."
"The decision to accumulate at a higher price than the exit point suggests the operator views current levels as a buying opportunity rather than treating the recent move as a top."
"Ethereum has been under sustained selling pressure following the KelpDAO exploit, which triggered a wave of liquidations and withdrawals from Aave, pushing ether toward $2,300 before the market stabilized."
"Bitmine separately added 101,627 ETH worth $233 million on April 23, reinforcing broad institutional ETH demand at current levels."
A significant ethereum whale sold 10,829 ether for approximately $24.91 million and later repurchased 7,448 ether at $2,350, reflecting renewed confidence. This reentry occurred after the KelpDAO exploit and Aave liquidity shock, which had previously pressured ether prices. The whale's decision to buy back at a higher price suggests a belief in the current market as a buying opportunity. Additionally, Bitmine added 101,627 ether, indicating strong institutional demand for ether at these levels.
Read at news.bitcoin.com
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