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The Indian crypto market is seeing an important signal. According to a ChainCatcher report, data from OnchainLens shows that two wallet addresses ("0x554" and "0xF2f") belonging to a major investor have recently begun large-scale repurchasing after a prolonged period of Ethereum selling.
In this repurchasing campaign, the investor acquired 50,706 ETH at a price of $2,201 using USDT valued at $111.62 million. According to details, the first wallet "0x554" invested $61.02 million to purchase 27,714 ETH, while the second address "0xF2f" spent $50.60 million to obtain 22,991 ETH.
This move is being considered an important signal in the market that major players are showing confidence in Ethereum at current prices. Currently, ETH is trading around $2.13K, indicating that these investors are strategically re-entering the market.