Ethereum Whale Spends $9.86 Million in Price-Chasing Frenzy, Holding Over 9,100 ETH Amid $4.74 Million Loss

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.