Three Arrows Capital buys Ethereum worth $56M, despite CEO’s ‘love and abandonment’
ambcrypto.comLike many cryptocurrencies, Ethereum has been growing in value since last year. But not without a considerable amount of volatility, price corrections, and speculations. At press time, the token was trading around the $3,820 mark, with a 4.5% setback.
Well for some this might induce fear but for long-term/prominent investors, this indicates a “Buy-the-dip” scenario.
Shopping spree
Crypto hedge fund Three Arrows Capital (3AC) founded in 2012 by Su Zhu and Kyle Davies,reportedly received $56 million worth of Ether earlier today. According to Etherscan, it transferred a total of 14,833 ETH (approximately $56M) from Binance and Coinbase to its wallet.
(Wallet address: 0x4862733b5fddfd35f35ea8ccf08f5045e57388b3)
Consider the table below:
Source:Ether
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