A “whale,” known as a major investor in the cryptocurrency market, has made a strong comeback after selling off his Ethereum assets approximately a year ago.
According to information shared by the on-chain data analytics platform Lookonchain, an unnamed investor purchased 50,706 Ethereum on Wednesday, spending a total of 111.62 million USDT. The purchases were reportedly made through two separate wallets at an average price of $2,201.
This move by the investor marks the first transaction after a period of inactivity lasting approximately seven months. According to analyses, the whale made a significant profit a year ago by selling 28,683 ETH at an average price of $3,892. Experts believe that this time, the investor is repositioning at lower levels, acting in anticipation of a price increase.
Similar transactions have recently been observed in other large wallets. According to Lookonchain data, another investor purchased 23,393 ETH for 49 million USDT after selling their ETH assets a year ago. While it has been claimed that these wallets may be linked to Erik Voorhees, Voorhees has denied these allegations.
According to market data, Ethereum is trading at around $2,198, down 5.45% in the last 24 hours. Compared to its peak of $4,946 recorded in August 2025, the asset has lost over 55% of its value.
Nevertheless, renewed institutional investor interest through spot ETFs in the US and regulatory announcements by the U.S. Securities and Exchange Commission are among the developments supporting long-term expectations in the crypto markets.
*This is not investment advice.
