- Whale sold 30K ETH at $4,202 locking $35.4M profit
- Recently bought back 18K ETH worth $63.65M
- Action hints at renewed bullish sentiment
In a striking move tracked by on-chain analyst Yu Jin, a crypto whale who had previously offloaded 30,000 ETH at a price of $4,202—netting a whopping $35.4 million in profit—has now returned to the market , buying back 18,000 ETH. The value of this fresh accumulation? A staggering $63.65 million.
This strategic buy-in indicates renewed confidence in Ethereum ’s future performance. Market watchers are closely following this address, especially as Ethereum’s price continues to hover in the bullish territory amid broader market optimism.
From Selling High to Buying Back Big
The whale’s prior sale at $4,202 per ETH was a textbook example of profit-taking at the top. At the time, the sale raised eyebrows in the crypto community, many speculating it might signal a short-term top for Ethereum.
Fast forward to today, and the same investor is diving back in—though this time with a smaller amount of ETH, the monetary value of the purchase is significantly higher. This buyback at higher valuations shows either a strong conviction in further ETH price appreciation or a calculated long-term bet on Ethereum’s ecosystem growth.
What This Means for the Market
Large movements like this often influence market sentiment, especially among retail investors and traders. When experienced whales re-enter after securing profits, it often signals a belief that the market still has room to grow.
While it’s unclear whether this whale is betting on Ethereum 2.0 developments, ETF news, or broader crypto momentum, one thing is clear: their return is sparking renewed discussion on whether this is the start of Ethereum’s next leg up.
