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Anonymous Whale Accumulates $184 Million of Ether, WBTC in a Month, Booking $10.8 Million Paper Gain

Source
JH Kim

Summary

  • An anonymous whale wallet has accumulated about $184 million worth of Ether (ETH) and Wrapped Bitcoin (WBTC) over the past month.
  • The whale bought 1,050 WBTC and 66,345.5 ETH at average prices of $64,227 and $1,758, respectively.
  • The address is now estimated to be sitting on an unrealized gain of about $10.8 million from its WBTC and ETH holdings.

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Photo: Shutterstock
Photo: Shutterstock

An anonymous whale wallet beginning with 0x2684 accumulated about $184 million worth of Ether and Wrapped Bitcoin over the past month.

On-chain analytics platform Lookonchain said on July 30 that the whale bought 1,050 WBTC worth $67.49 million and 66,345.5 ETH worth $116.62 million. The average purchase prices were $64,227 for WBTC and $1,758 for ETH.

The address is now sitting on an unrealized gain of about $10.8 million on its WBTC and ETH holdings, Lookonchain's analysis showed.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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