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Is the whale who took over ETH at a high level unable to hold on? Transferred 3,373 ETH to Binance in 7 hours, with an unrealized loss of over $5 million.
【Chain News】Another big fish surfaces.
On-chain data shows that a certain ETH whale ( address 0x31D…7a1c7) recently transferred 3373.1 ETH to Binance within the past 7 hours. Based on an average deposit price of $3399.7, this asset is valued at $11,467,000.
Rewinding to October 14th this year, this “smart money” previously offered 3593.21 ETH at an average price of $4051.00. At that time, the market was still oscillating at high levels. Who knew ETH would then plummet, with unrealized losses reaching up to $5.13 million.
If this operation truly involved a full liquidation, the substantial loss would be fixed at $2.196 million. Can the whale withstand the pain of buying at high prices? Or does it have other plans? We can only continue to watch and wait.