One address spent $7 million to buy 3,000 ETH

CoinFeed reported on April 23 that, according to Onchain Lens, an address purchased 3,000 ETH after approximately 1.6 years of inactivity, for a total transaction value of about $7 million, at an average price of about $2,333. The address still holds approximately $3 million worth of USDC in its wallet.