Whale’s Bold Move: Repurchases 8,010 ETH, Faces $5.07M Floating Loss

According to COINOTAG news shared on September 20, monitoring from renowned on-chain analyst Yu Jin reveals interesting activity by a whale investor. This whale, who previously liquidated 6,001.7 ETH at a price of $3,384 towards the end of June, securing a gain of $1.64 million, has resumed accumulation. Over the nearly two-month span from late July to now, the whale has invested approximately $25.33 million to acquire an additional 8,010 ETH, with an average entry price of $3,163 per ETH. Despite these strategic movements, the whale is currently facing a floating loss amounting to $5.07 million. This incident highlights the volatile nature of the cryptocurrency market and the high-stakes maneuvers by significant stakeholders.