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A long-dormant Ethereum Large Investor has recently attracted widespread attention in the market. After remaining silent for the past two years, this investor has recently started actively replenishing their Ether Holdings.
The investor's wallet address is 0x5Fe...4A838, and their operations demonstrate a clear strategy—reducing the average cost by increasing their Holdings. On July 28, this investor purchased 3711 ETH at a price of 3912 dollars. More notably, just within the last 48 hours, he withdrew 3000 ETH from a well-known exchange.
Over the past week, this investor's total purchase volume reached an astonishing 6711.2 ETH, approximately 24.73 million dollars. Currently, his average purchase cost is around 3685.4 dollars. However, due to market fluctuations, these investments are currently facing an unrealized loss of about 1.654 million dollars.
This series of large-scale buying activities is particularly noteworthy in the current market environment. It not only reflects this investor's confidence in the long-term development of Ethereum, but may also have a positive impact on overall market sentiment.
However, we should also note that the investment strategies of Large Investors are not always suitable for ordinary investors. The volatility of the market still exists, and investors should be cautious when making decisions and fully consider their own risk tolerance.
With the return of this large investor, market participants will closely follow their subsequent actions and the potential impact these large transactions may have on the price of Ethereum. In any case, this event once again demonstrates the dynamism and unpredictability of the cryptocurrency market.