According to on-chain analytics platform Lookonchain (@lookonchain), an early Ethereum holder spent $55.8 million over the past two days to purchase 35,723 ETH at an average price of approximately $1,563, with potential for further accumulation. One week ago, this address sold 60,000 ETH and 9,442 wstETH at prices of approximately $2,040 and $2,540 respectively, totaling around $117.25 million and $24 million.
Ethereum early holder spends $55.8M to buy 35,723 ETH over two days
TechFlowShare
Summary
An early Ethereum holder spent $55.8 million over two days to purchase 35,723 ETH, averaging $1,563 per ETH. This follows a $141.25 million ETH sell-off last week, during which the same address sold 60,000 ETH and 9,442 wstETH at approximately $2,040 each. The recent activity contributes to ongoing analysis of major holder behavior and market sentiment surrounding ETH.
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