Whale Increases ETH Holdings by 2000 After $33.67 Million Profit, Despite $24.14 Million Loss

According to recent data from COINOTAG dated March 4th, an astute crypto investor, dubbed the “Whale Who Bought Low and Sold High,” has strategically increased their holdings by acquiring an additional 2,000 ETH for approximately $4.1 million. This whale has executed a notable swing-trading strategy since December 19, 2024, amassing a formidable total of 34,001 ETH, which is valued at around $93.63 million. However, despite this significant investment, the trader currently faces an unrealized loss of approximately $24.14 million, given an average purchase price of $2,753 per ETH. This case exemplifies both the volatility in the crypto market and the intricate dynamics of high-stakes trading, highlighting the importance of risk management and the potential challenges even seasoned traders may encounter in uncertain market conditions.