Ethereum Whale Buys 647 ETH for $1.43 Million at $2,211 Average

After selling 7,557 ETH for 16.815 million USDC at $2,225 each, the whale bought 647.137 ETH for about $1.43 million and still holds 14.19 million USDC for potential further moves.

ETH
USDC

Summary

A large Ethereum holder first sold 7,557 ETH for 16.815 million USDC at an average price of $2,225 per ETH, then later bought 647.137 ETH for about $1.43 million at an average price of $2,211.49. According to the provided data, the same address had previously accumulated 11,004 ETH in 2016 at an average cost of $3.45 and later realized $30.38 million in profit. The wallet still holds 14.19 million USDC, indicating substantial remaining liquidity. The reported activity shows a sizable shift from Ether into stablecoin liquidity followed by a partial re-entry into ETH, though no motive, venue, or execution timing beyond the transactions was provided.

Terms & Concepts
  • Ethereum whale: A wallet or investor holding a large amount of ETH, often monitored because sizable transactions can affect market attention, liquidity, and sentiment.
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a value close to $1, commonly used for trading, settlement, and on-chain liquidity.
  • Realized profit: Profit that has been locked in through completed sales, rather than gains that remain unrealized on assets still being held.