Dormant Ethereum Whale Buys 3,017 ETH for $7 Million, Extends Two-Day Accumulation

According to Onchain Lens, separate dormant whale wallets resumed activity, with one accumulating 7,300 ETH over two days and another buying 2.62 billion ASTEROID with 358 ETH before adding liquidity.

ETH

Summary

Onchain Lens reported renewed activity from separate dormant whale wallets on Ethereum. In one case, a wallet inactive for 1.6 years bought 3,017 ETH for $7 million at an average price of $2,320, extending two-day accumulation to 7,300 ETH worth $17 million. In another case, a wallet described as inactive for six months spent 358 ETH over 24 hours to buy 2.62 billion ASTEROID and then used the tokens to provide liquidity. The updates confirm the observed on-chain transactions and show large holders re-entering the market through both direct ETH accumulation and smaller-cap token liquidity activity.

Terms & Concepts
  • Ethereum whale: A wallet or investor holding a large amount of Ether or other crypto assets, often tracked because sizable transactions can influence market sentiment and trading activity.
  • ETH: The native cryptocurrency of Ethereum, used to pay network fees, transact on the blockchain, and interact with smart contracts.
  • Liquidity: Crypto assets deposited into a trading pool to help facilitate token swaps and market activity.