Whale Continues to Buy Ethereum After Six Months of Inactivity

According to TechFlow, a significant cryptocurrency holder, often referred to as a 'whale', has resumed purchasing Ethereum after a six-month pause. On May 6, the blockchain analysis platform Lookonchain reported that this whale withdrew 1,700 ETH, valued at approximately 3.1 million dollars, from a centralized exchange (CEX) three hours prior. The whale's address now holds 5,000 ETH, with an estimated total value of around 9 million dollars at current prices. Nevertheless, this account is still facing an unrealized loss of about 3.6 million dollars.