Whale Resumes Ethereum Purchases After Six-Month Hiatus

According to TechFlow, a significant cryptocurrency holder, often referred to as a 'whale,' has resumed buying Ethereum after a six-month pause. On May 6, blockchain analysis platform Lookonchain reported that the whale withdrew 1,700 ETH, valued at approximately $3.1 million, from a centralized exchange (CEX) three hours prior. The whale's address currently holds 5,000 ETH, with an estimated total value of $9 million at current prices. Despite this, the account still faces an unrealized loss of about $3.6 million.