Highnet’s Ethereum ($eth) investors have recently re-entered the market with a big bet. According to data from LookonChain, Crypto Whale has rejoined the Ethereum market with a bold $20.55 million bet following its DCA strategy, regardless of its heavy loss of $11 million. The on-chain analytics platform has accessed X’s official account to share details about the event.
Despite losing $11 million in $eth previously, this ETH cultist is still buying it.
Three months ago, the whales sold all ETH for $2,740, losing $11 million.
A month ago, he reentered by purchasing $2,713 ETH ($4.07m) for $1,502.
He doubled as $eth has recovered recently.
– lookonchain (@lookonchain) May 10, 2025
Whale invests m in $eth and highlights a re-entry of strategic market amid increasing bull run speculation
Exclusive market data shows a prominent $20 million in $ETH by crypto whales. Meanwhile, three months ago, the same whale had settled its total $eth holdings. At the time, Ethereum ($ETH) had changed hands for nearly $2,740. Each sale amounted to a significant loss of up to $11 million. This marked a major exit at each time, prompting speculation about the loss of investors’ hopes in Ethereum’s potential price recovery.
Nevertheless, the recent rise in optimism around Ethereum ($eth) amid a significant growth in the price of top altcoins. At the moment, Ethereum ($eth) is changing hands at $2,405.76. This figure shows an increase of 3.74% over the last 24 hours. In addition to this, Ethereum’s seven-day price performance highlights a notable 31.25% spike. Separately, Ethereum prices have seen a significant increase of 49.78% over the past month.
Currently, unexpected re-entry into the market for $ETH whales at $2,713 ETH shows great confidence in the dominant Altcoin. The move also shows a new conviction in Ethereum’s long-term outlook. In this respect, the whale has created three notable $ETH transactions:
FOMO’s spread in approaching Altseason
The latest reportedly accounted for a $4,608 ETH ($108.3 million), which was made several hours ago. Additionally, the other two include $4,415 ETH ($9.72M) and $2,713 ETH (4.08m) which occur one day and 30 days ago, respectively. In addition to this, each conviction is also complemented by Ethereum’s latest price rallies. Still, amid the momentum of a growing positive market, we still can’t see any further price direction for Ethereum. In the meantime, FOMOs have risen during the massive alto season, but market spectators continue to look favorably at potential signs.