Single Entity Acquires 50,706 ETH for $111.62M After Year-Long Selling Period

An entity that had been selling Ethereum for a year resumed large-scale purchases on March 19, acquiring 50,706 ETH at an average price of $2,201 for approximately $111.62 million in USDT, on-chain data show. The wallets 0x554 and 0xF2f, which OnchainLens suggests may be controlled by the same entity, were involved: 0x554 spent $61.02 million to buy 27,714 ETH, while 0xF2f used $50.6 million to obtain 22,991 ETH. The related addresses are 0x554adc35ccd8090566bfca842537fd39b82489c1 and 0xf2f270f7beb58bd9b4ea2d393961945610c4f537.