Smart Money Reinvests in Ethereum, Acquires 647 ETH at $2,211

2026-05-16 16:51

A notable smart money address has re-entered the Ethereum market, purchasing 647.137 ETH at an average price of $2,211.49, totaling approximately $1.43 million. This move marks the address's return to Ethereum after a year-long hiatus. Previously, the address accumulated 11,004 ETH in 2016 at an average price of $3.45, later realizing a profit of $30.38 million. The address currently holds 14.19 million USDC, indicating substantial liquidity for further investments.

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