A whale investor purchased 50,706 ETH worth $111.62 million USDT on Wednesday, marking a significant return to Ethereum after selling their holdings one year earlier, according to on-chain data. The transaction represents one of the largest individual ETH purchases tracked in recent weeks.
The whale's re-entry comes as Ethereum trades around $2,200 per token, suggesting the investor sees value at current price levels. The purchase was executed entirely in USDT, indicating the trader maintained substantial stablecoin reserves during their year-long absence from ETH positions.