Ethereum OG Whale Returns To Market With $19.5M ETH Buy — Details
An Ethereum whale known as thomasg.eth has returned to the market, purchasing $19.5 million worth of ETH, WETH, and Aave-deposited ETH over the past week. This entity previously held $538 million in crypto assets at the 2021 market peak but had nearly exited all positions by mid-2022. The whale's recent buying activity is seen as a strategic "buy the dip" move, with ETH currently trading around $2,153—down over 56% from its all-time high.
Analyst Ali Martinez suggests Ethereum may be entering a historical buy zone, as the MVRV Ratio recently dropped near 0.8—a level that preceded a 250% price surge in April 2025. This metric indicates the asset is deeply undervalued, potentially signaling a significant upward move.
bitcoinist03/22 20:32
