A big player has bottom-fished Ethereum🤪
Do you all think it's a good time to bottom-fish now?
Contracts need to be cautious, but spot trading is obviously fine; Ethereum won't lose value. Just buy more as the price drops, that's my understanding.
5 hours ago, a whale spent 17.1 million DAI on-chain through 2 addresses to buy 4,943 ETH at an average price of 3,459 dollars.
It's worth noting that this whale address hasn't made any moves for a year and a half. The last time was in May of last year when it sold 3,723 ETH at a price of 1,888 dollars, making a profit of 30,000 dollars.