PANews reported on May 25th that, according to Ember, the on-chain address nemorino.eth made another large purchase of approximately 7,908 ETH an hour ago, using about 16.71 million USDT, with an average purchase price of about $2,113. Previously, it had liquidated its position of 8,424 ETH at about $2,124 two days prior, incurring a loss of approximately $2.14 million. The re-entry strategy involved first using its own 11.71 million USDC to buy approximately 5,536 ETH, then depositing the aforementioned ETH into the Spark lending protocol as collateral to borrow 5 million DAI to continue buying approximately 2,373 ETH, rebuilding its overall position near the previous loss price and adding leverage.