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Recently, a large investor involved in the Ethereum (ETH) Initial Coin Offering (ICO) has attracted market attention. After experiencing a year-long selling period, this investor has shown a significant strategic shift in the last three weeks, starting to accumulate ETH again.
According to blockchain data analysis, this investor has withdrawn a total of 13,600 ETH from the exchange over the past 21 days, which is approximately 47 million dollars at current market value. Notably, the latest withdrawal occurred recently when the trading price of ETH was 3,456 dollars.
This action marks the first large-scale increase in ETH by the investor in over two years. Although 6000 ETH was previously transferred to a certain exchange, that operation seems relatively small compared to the current accumulation scale.
As of now, this early investor holds 59,718 ETH in their on-chain wallet, with a total value approaching $210 million. This figure fully demonstrates their ongoing confidence in the Ethereum ecosystem.
Currently, Ethereum's market performance remains strong, with trading prices hovering around $3548.02. This behavior of a large investor may have a positive impact on market sentiment, while also reflecting the optimism of some long-term participants regarding the future development prospects of ETH.
However, investors should keep in mind that the cryptocurrency market is highly volatile. While the actions of individual large holders are worth paying attention to, they should not be the sole basis for investment decisions. Before making any investment decisions, one should comprehensively consider market factors and conduct thorough risk assessments.