A whale who used a looping loan to go long on ETH sold 10,000 ETH for approximately $29.15 million.
According to Jinse Finance, as reported by Yujin, address 0xa339 was forced to sell 30,894 ETH in April due to a drop in ETH price to avoid liquidation, resulting in a loss of approximately $40 million. Later, when ETH stabilized, the whale bought back 19,973 ETH at $1,740, bringing its total holdings to about 50,000 ETH at an average price of $2,545. After holding for about eight months, this whale sold 10,000 ETH four hours ago at a price of $2,915, cashing out approximately $29.15 million and realizing a profit of about $3.7 million. Currently, the whale still holds around 40,600 ETH, with an unrealized profit of about $15 million, but this is still not enough to offset the losses from the forced sale at the beginning of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve "third-in-command": Centralized clearing of US Treasuries is ahead of expectations, ample reserves framework is effective
New York Federal Reserve President Williams stated that the industry has already begun proactively expanding infrastructure for cleared repos and cash transactions. Trading activity is shifting from uncleared to cleared markets, and overall progress is ahead of the regulatory deadline. In this speech, he did not comment on the monetary policy stance.
Citigroup: Inflation Surpasses Tariffs as the Top Concern for Family Offices, Wealthy Individuals Flocking to Gold and U.S. Stocks
A survey by Citigroup shows that among 350 family offices across more than 40 countries, inflation has replaced trade wars and tariffs as their biggest concern, followed by interest rates and the stability of the global financial system. More than 90% of family offices surveyed reported positive returns this year, and nearly half said they increased their holdings of publicly listed stocks in the first half of the year. Meanwhile, Citigroup’s head of wealth management noted that gold now features in almost every client conversation he has.
Hyperliquid Rises to Record High -- Market Talk
Crypto prices
More
