2026-01-05 08:22:29

Every time the price of Ethereum rises, I always think of those big players who have laid out their positions early. Aside from a few well-known early bottom-fishers, a mysterious institution has recently attracted attention — since October, they have been continuously building their position on-chain at an average cost of $3,479, accumulating 48,588.72 ETH with a total investment of $169 million. Based on the current market, these holdings need to increase by another $322 for them to return to their recent average cost basis.

What's even more interesting is that this institution currently holds as many as 252,000 ETH on-chain, with a total value exceeding $800 million. In the overall institutional investor rankings, their holdings rank fifth, surpassing the Ethereum Foundation. However, due to the complexity of early positioning and subsequent operations, it is indeed difficult to precisely calculate their current overall cost basis.

ETH-2,35%

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MetaverseHermit

· 01-06 08:38

Ha, this mysterious organization is really outrageous... 252,000 ETH, just sell and sell? --- It's that kind of "I know you know they know" routine again. Anyway, ordinary people still have to slowly DCA. --- Entering at 3479 and still haven't broken even? That's really bottom fishing. I, as a small retail investor, truly feel inferior. --- Why does the institution hold more than the Ethereum Foundation? Feels a bit strange. --- Spending all day tracking these big players' moves, might as well think about how much I should buy. --- An institution that can throw 169 million, really treats money like paper. A 322% increase is probably just a small matter to them. --- On-chain data is so transparent, how can it still be "mysterious"? I think it's just us pretending not to understand. --- If 250,000 tokens were really thrown out, how big a wave could it create... Just thinking about it is exciting.

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ContractSurrender

· 01-05 08:45

Damn, this institution is really outrageous. 252,000 ETH directly surpassing the foundation? How much patience does that take? Breaking the $322 support? Feels not far off, maybe it will take off next month. I just want to know which big player this is, so calm and steady... By the way, there's still $322 of room. To buy or not to buy, that's the question. If this cost line breaks, I guess a lot of people will be scared to death, after all, moving $800 million in chips isn't simple. The contract community is truly full of hidden talents. This kind of accumulation rhythm is really top-notch. Honestly, I’m a bit envious, but unfortunately, my wallet isn’t that deep.

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PositionPhobia

· 01-05 08:42

Who exactly is this mysterious organization? Feels like they are about to make a big move. Wait, 252,000 ETH? That number is a bit scary. We should have caught up earlier; it's a bit late now. The cost basis at $3,479... I'm envious. Big players always stay three steps ahead of us. Where is the promised information symmetry? How much patience does it take to keep building positions like this? Ranked 5th? More than the Ethereum Foundation? No way. Breaking even at $322, this trader is really steady. I just want to know when this guy will sell so I can follow the trend and escape the top.

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LongTermDreamer

· 01-05 08:31

Haha, this mysterious big player is really fierce. Eating up 48,588 ETH in one go, I knew this was the rhythm of a three-year big cycle. $322? No big deal, we'll get through it soon. History always repeats itself. Being ranked fifth—what does that mean? It shows that institutions are also betting on ETH's comeback. That makes me even more confident.

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Tokenomics911