Ethereum Whale Spends $9.86 Million in Price-Chasing Frenzy, Holding Over 9,100 ETH Amid $4.74 Million Loss
The post Ethereum Whale Spends $9.86 Million in Price-Chasing Frenzy, Holding Over 9,100 ETH Amid $4.74 Million Loss appeared on BitcoinEthereumNews.com. COINOTAG reports on a significant transaction in the cryptocurrency markets from May 7th. On-chain analyst Yu Jin highlighted a notable acquisition where a prominent whale purchased **5,473.7 ETH** for an impressive **9.862 million USDT**, translating to a purchase price of **$1,802 per ETH**. This strategic move indicates a robust interest in Ethereum at this price point. Notably, this investor had previously acquired **3,634 ETH** in January at a much higher value of **$3,208**, now accumulating a substantial total of **9,109.6 ETH** valued at around **$16.8 million**. Despite an overall investment of **$21.52 million**, the whale currently experiences an unrealized loss of **$4.74 million**, reflecting a **-22%** decrease in value. Such market dynamics underscore the volatile nature of crypto investments, with large players keenly navigating the fluctuating landscape of digital assets. Source: https://en.coinotag.com/breakingnews/ethereum-whale-spends-9-86-million-in-price-chasing-frenzy-holding-over-9100-eth-amid-4-74-million-loss/
The post Ethereum Whale Spends $9.86 Million in Price-Chasing Frenzy, Holding Over 9,100 ETH Amid $4.74 Million Loss appeared on BitcoinEthereumNews.com.
COINOTAG reports on a significant transaction in the cryptocurrency markets from May 7th. On-chain analyst Yu Jin highlighted a notable acquisition where a prominent whale purchased **5,473.7 ETH** for an impressive **9.862 million USDT**, translating to a purchase price of **$1,802 per ETH**. This strategic move indicates a robust interest in Ethereum at this price point. Notably, this investor had previously acquired **3,634 ETH** in January at a much higher value of **$3,208**, now accumulating a substantial total of **9,109.6 ETH** valued at around **$16.8 million**. Despite an overall investment of **$21.52 million**, the whale currently experiences an unrealized loss of **$4.74 million**, reflecting a **-22%** decrease in value. Such market dynamics underscore the volatile nature of crypto investments, with large players keenly navigating the fluctuating landscape of digital assets. Source: https://en.coinotag.com/breakingnews/ethereum-whale-spends-9-86-million-in-price-chasing-frenzy-holding-over-9100-eth-amid-4-74-million-loss/
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