Ethereum Whale Repurchases 8,492.8 ETH at $2,793.59

An early Ethereum investor who participated in the project's ICO in 2015 has made a significant move by buying back 8,492.8 ETH at an average price of $2,793.59 per coin.

The wallet had sold its ETH holdings in March at around $2,010 per coin and has now replenished its stock at a higher price, drawing attention to the moves made by big investors in the market.

The purchase was executed through decentralised trade aggregation service Cow Swap and used four types of stablecoins: DAI, USDS, USDC, and USDT. The total amount deployed for the buyback is estimated at around $23.72 million.