A "smart money" investor who made a profit of $30.38 million from buying ETH in 2016 has re-established a position in ETH a year later.

CoinFeed reported on May 16th that, according to on-chain analyst Ai Yi, a "smart money" investor who bought 11,004 ETH at an average price of $3.45 in 2016 and made a profit of $30.38 million has once again entered the ETH market. Just one hour ago, they purchased 647.137 ETH on-chain at an average price of $2211.49, worth $1.43 million. They currently still have 14.19 million USDC available.