A week ago, the famous whale known by its digital title (0x3c9E) took a controversial step, $ETH $ETH after selling its entire massive stake of 38,582 Ethereum, valued at 136.89 million dollars, at an average price of 3,548 dollars amid a sharp downward wave.

But the market turned the tables quickly.. As prices rebounded and Ethereum surpassed the $4,000 mark for the first time in months, the whale returned to seize 1,800 Ethereum for 7.22 million dollars, at a price that is 13% higher than what it sold at, in a clear bet on the continuation of the rise.

This strong increase was supported by intensive buying from large investors, and growing optimism about the recovery of the crypto market in the second half of the year.

Source: BitGet

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