Whales Resume Purchasing Ethereum: Movements of Major Investors During Market Downturns

Whales Restart Accumulation of Ethereum. Mr. thomasg_eth, who held a significant amount of the cryptocurrency Ethereum (ETH) in 2021, has been repurchasing ETH in recent days, reported by on-chain analytics firm Arkam on the 21st. At the market peak in 2021, he held a combined total of $538 million (approximately 86 billion yen) in assets including ETH, WBTC, and DAI. He has now started repurchasing, recently acquiring Ethereum worth $3 million (approximately 500 million yen).