Ethereum ICO Whale Returns With $23.73 Million ETH Purchase as Price Tops $2,800

  • Wallet 0xBE42…0c5F bought 8,492.8 ETH through four CowSwap orders on Sept. 21.
  • The wallet spent $23.72 million, averaging $2,793.59 for each ETH.
  • The address sold 1,923.05 Aave-wrapped ether for USDC on March 27.

An Ethereum ICO-era wallet spent $23.72 million to acquire 8,492.8 ETH through four CowSwap orders on Sept. 21, paying an average $2,793.59 per token. The address, 0xBE42…0c5F, also repaid about 809 WETH of Aave debt and withdrew roughly 8,876 ETH of collateral, leaving it with about 16,773 ETH. Ether subsequently reached $2,807, its first trade above $2,800 since Jan. 30, 2026, before the newly acquired holdings showed an estimated $382,000 paper loss at a $2,749 price on Sept. 22. The wallet had sold 1,923.05 Aave-wrapped ether for USDC at about $2,010.68 per ETH on March 27. Elsewhere, a separate buyer accumulated 21,520 ETH over five days beginning Sept. 18 using proceeds from UBTC sales, while Bitmine added 27,562 ETH last week. Spot ether ETFs received $270 million on Monday, led by BlackRock's ETHA and Fidelity's FETH.

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