TREE NEWS reports: A large holder who recently sold ETH at an average price of $2,709 has rebuilt a position after the price fell to $2,695, withdrawing 3,283.56 ETH worth about $8.85 million from OKX four hours ago. The buyback is roughly three times the 1,099 ETH sold in the prior transaction.
Whale Who Sold ETH at $2,709 Buys Back, Withdraws $8.85M in ETH from OKX
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AI take
The notable detail is not the timing but the scale: the rebuilt position is roughly three times the amount sold, which reads as a conviction trade rather than a simple round-trip. Moves of this size through an exchange withdrawal also matter for visible supply, since coins leaving OKX are no longer sitting on an order book. Whether other large holders treat the recent dip the same way is the open question.
Generated by AI for reference only.
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