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A hoarding of 30,654 ETH whales through a revolving loan has been cleared, losing $17.51 million

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2024-09-09 01:36:52
According to Ember Monitor, a whale has amassed 30,654 ETH ($88.43 million) at an average price of $2,885 through a revolving loan.
Selling ETH since 9/7 has basically completed the clearance: selling 28,564 ETH ($64.90 million at an average price of $2,272, achieving a loss of up to $17.51 million.
He has continued to buy ETH through revolving loans since December last year and continued until July this year, accumulating a total of 30,654 ETH ($88.43 million) at an average price of $2,885.
◎ After the market fell in the early morning of 9/7, he started selling ETH, probably because he was not optimistic about the follow-up market. So far, he has sold a total of 28,564 ETH ($64.9M), with an average price of $2,272.
He currently holds only 2,268 ETH and is close to clearing his position.
◎ Compared with his hoarding cost of $2,885, he lost as much as $17.51 million on this revolving loan.
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