What happened with the Ethereum whale trade?

A whale investor bought 50,706 ETH worth about $111.62 million using USDT, marking a major re-entry after previously selling holdings a year earlier. The purchase was made across two wallets and ended a seven-month period of inactivity.

At what price did the whale buy Ethereum?

The whale bought Ethereum at an average price of around $2,201 per ETH. This is significantly lower than the price they sold at a year ago, suggesting a strategy to buy back cheaper.

What does this whale trade signal for Ethereum (ETH)?

The trade suggests renewed confidence from large investors, especially with ETH trading more than 55% below its all-time high. It may indicate that some whales see current levels as a potential accumulation zone.

How does this compare to the whale’s previous Ethereum sale?

The same whale sold 28,683 ETH at an average price of $3,892 last year. Re-entering at $2,201 implies a much lower cost basis and a potential long-term positioning strategy.

How is Ethereum (ETH) performing right now?

Ethereum is trading around $2,198, down about 5.45% in the past 24 hours. It remains over 55% below its all-time high of $4,946 reached in August 2025.

Are other Ethereum whales making similar moves?

Yes, other large wallets have recently bought significant amounts of ETH after periods of inactivity. One example includes a $49 million purchase, although reported links to Erik Voorhees were denied.

Why are whales buying Ethereum at lower prices?

Whales often aim to accumulate assets during market downturns to position for future price appreciation. This strategy relies on buying when sentiment is weak and prices are discounted.

How might this affect Ethereum’s price in the short term?

Large purchases can support price levels by adding buying pressure, but they do not guarantee immediate upside. Short-term price action still depends on broader market conditions and sentiment.

Cryptocurrency

Image for illustrative purposes only. Not a real photo.

Ethereum whale buys $111M after year-long exit

Written by Heidi Cuthbert Published Mar 19, 2026, 12:00 AM

A whale investor has purchased 50,706 Ethereum worth $111.62 million using USDT, marking a major re-entry into the market after selling holdings a year earlier.

Onchain data from Lookonchain shows the trader acquired ETH at an average price of $2,201 through two wallets, ending a seven-month period of inactivity.

The purchases were funded by proceeds from a prior sale of 28,683 ETH at an average price of $3,892, indicating a strategy to re-enter at significantly lower levels in anticipation of a potential rebound.

Ethereum is currently trading around $2,198, down more than 55% from its all-time high of $4,946 recorded in August 2025, despite a recent 5.45% daily decline.

Other large wallets have shown similar behaviour, including a separate $49 million ETH purchase following earlier sales, though links to ShapeShift founder Erik Voorhees have been publicly denied.

Recent weeks have also seen a return of institutional inflows into Ethereum and Bitcoin via US spot exchange-traded funds, signalling improving investor sentiment.

Additional support has come from new guidance by the US Securities and Exchange Commission stating that most cryptocurrencies are not securities, providing greater regulatory clarity for the market.

At the time of reporting, Ethereum price was $2,203.59.