Vida buys $2M ETH at $2,281, readies $20M for deeper dip
Formula News founder Vida publicly purchased $2 million worth of Ethereum (ETH) at approximately $2,281 per ETH (about 1,983.57 ETH). The on-chain buy occurred near a short-term bottom and is already showing unrealized profits. Vida also allocated an additional $20 million to buy more ETH in case of a larger sell-off. Citing the liquidation of an insider whale labeled “1011,” Vida expects no major crashes over the weekend and plans to hold ETH through Monday, awaiting stabilization in precious metals before a crypto rebound. The move was reported by on-chain analyst Ai and shared by PANews. This is market information, not investment advice.
Bullish
Vida’s public $2M ETH purchase at an apparent short-term bottom, plus a sizable $20M reserve to buy further dips, signals confidence from a liquidity-rich market participant. Such disclosed accumulation tends to be bullish: it can lift market sentiment, reduce available sell-side liquidity, and encourage retail/institutional buyers to follow. The liquidation of the labeled whale (“1011”) removes a potential source of forced selling, which supports short-term stability. In the near term, this could tighten ETH order books and push prices up if momentum builds. Over the longer term, the impact depends on whether Vida and others continue accumulation and on macro factors (risk-on sentiment, precious metals stability). If the promised additional buys are deployed during a broader market sell-off, they could provide strong price support; conversely, if macro conditions deteriorate significantly, the bullish effect may be muted. Historically, high-profile whale accumulation announcements often produce short-term bullish moves and improved market confidence.