A crypto whale sold over 2,500 ETH before a significant rally, losing approximately $2.6 million by buying back at a much higher price. After selling 2,522 ETH for $3.9 million on April 13, when ETH was trading around $1,570, the trader repurchased 1,425 ETH for $3.8 million on May 22 at $2,670 per coin. This decision looks poorly-timed, especially as ETH surged over 70% since the sale, translating to a loss of over 1,000 ETH, or roughly $2.67 million in potential gains. If the trader had held on to their Ether, it would now be valued at around $6.7 million. The recent price increase has placed ETH as the 38th most-valuable asset globally, attributed to successful upgrades that enhanced the Ethereum network's scalability and functionality. Ether-based investment products also saw $785 million in inflows, reflecting renewed interest as well as investor optimism following key updates in the Ethereum ecosystem.

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