Smart Money Address Accumulates 20,000 ETH, Sees Immediate Gains

A smart money address has recently acquired 20,000 ETH through Wintermute, according to Foresight News. This transaction, valued at approximately $56.13 million, was executed at a cost of around $2,806.58 per ETH. Following the purchase, the price of ETH rebounded, resulting in an unrealized profit of $2.101 million for the address. Since January 21, the address has accumulated a total of 70,013 ETH, with an average cost of about $2,907.69 per ETH.