Equation News founder Vida has publicly announced the purchase of $2 million worth of Ethereum (ETH), acquiring 1983.57 ETH at a price of $2281 per ETH, which is considered a near-term low. This investment has already yielded a profit of $259,000. Additionally, Vida has set aside $20 million to capitalize on any significant market downturns.
Analyst @ai_9684xtpa posted on X that Vida believes there will be no major crashes over the weekend, as the '1011 insider whale' has been liquidated. Vida plans to hold the ETH position until Monday, anticipating a rebound in the cryptocurrency market once the precious metals market stabilizes.