Ethereum OG who dumped 60K ETH buys back 35K at $1,563!

A prominent Ethereum early adopter who offloaded 60,000 ETH and 9,442 wstETH — a combined $141.25 million — at roughly $2,040 per token just one week ago has reversed course and is aggressively buying back into the market. Over the past two days, the wallet has spent $55.8 million to accumulate 35,723 ETH at an average entry price of $1,563, and on-chain data suggests further purchases may follow.

Why it matters

This is a textbook whale re-accumulation signal. The original sale near $2,040 looked like a disciplined top-side exit; the buyback at $1,563 — a roughly 23% discount — reframes that move as a tactical rotation rather than a full exit. When a wallet of this scale and pedigree re-enters at lower levels within days, it carries outsized sentiment weight for the broader ETH market. Ethereum OGs holding since the early days tend to have high-conviction, long-duration views, making their re-entry a meaningful data point beyond the raw dollar figure.

Market impact

The $55.8 million deployed so far represents a partial rebuild of the original position, and the on-chain signal that more buying may be incoming adds a forward-looking bid to the narrative. For ETH traders watching support levels around the $1,500–$1,600 range, a whale of this calibre accumulating in that zone reinforces the structural case for a floor. The wstETH component of the original sale also hints at a broader DeFi liquidity unwind that may now be partially reversing.