Ethereum Whale Buys Back $55.8M ETH at $1,563 After Dumping at $2,040

A week after unloading over $141 million in Ethereum and staked Ethereum derivatives near the $2,040 mark, an address labeled as an Ethereum OG by on-chain analysts has started buying again. According to a Lookonchain update, the whale spent $55.8 million over two days to acquire 35,723 $ETH at an average price of $1,563. The rapid flip from heavy seller to active buyer exposes a tactical shift that traders are parsing for clues on near-term $ETH direction.

The original sale disposed of 60,000 $ETH and 9,442 wrapped staked $ETH (wstETH) for a combined $141.25 million. That exit came when Ethereum was still trading above $2,000, a level that held as a psychological barrier before the latest leg down. Just days later, the asset fell enough to prompt this address to redeploy a significant chunk of dry powder.

The re-entry at $1,563 represents a discount of roughly 23% from the sale price, a gap that illustrates the discipline of a sophisticated operator. A 23% round trip in five days is the kind of arbitrage most funds would struggle to engineer with a Bloomberg terminal.

The Trade in Numbers

The buying spree began roughly five days after the liquidation, with the address funneling $55.8 million into $ETH across multiple transactions. The 35,723 $ETH purchased accounts for roughly half of the original $ETH position by token count but only 39% by dollar value, since the sale was larger and at higher prices. The wallet's remaining stablecoin balance suggests capacity for further accumulation, and Lookonchain noted the entity may buy more. The partial buyback leaves room for