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Whale buys 10,380 ETH to lower average cost, sitting on $10.5m loss

NewsFeeds update

A whale spent $20m in USDC to buy 10,380 ETH at $1,927, adding to 15,118 ETH bought two months ago at $2,646. The 25,498 ETH position cost $60m at an average of $2,353, leaving an unrealised loss of $10.5m, Yu Xian says.

EthereumPANewsAIBearish

Read the original on PANews

The story so far: Whale accumulates ETH, Yu Jin says

On-chain analyst Yu Jin reported a whale spent 17.24m USDC on 7,703.2 ETH and later 19.7m USDT on 8,775 ETH, holding 23,097 ETH at an average cost of about $1,909. Three addresses suspected to be linked to Erik Voorhees then spent $47.4m in USDT on 23,091 ETH at about $2,051. The whale has now added 10,380 ETH…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Whale buys 9,375.6 ETH worth $21.2m, Yu Jin says

  2. Whale buys 8,775 ETH for $19.7m in USDT after five-month pause, Yu Jin says

  3. Whale buys 10,000 ETH at $2,155 after price falls, Yu Jin says

  4. Addresses suspected to be linked to Erik Voorhees buy 23,091 ETH in 24 hours

  5. Whale buys 10,380 ETH to lower average cost, sitting on $10.5m loss

More Ethereum updates

  1. Wang Chun buys another 5,746 ETH worth about $11.1m

    EthereumOdailyAIBullish

  2. BTCS sells ETH at a loss to avoid liquidation as $1,700 is flagged as key level

    EthereumBloomingbitAIBearish

  3. BTCS sells ETH below cost to manage Aave loan health, theoretical liquidation near $1,717

    EthereumOdailyAIBearish

Every Ethereum update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.