Two Whale Addresses Purchase $23.94 Million Worth of Ethereum (ETH) Amid Market Downturn
JH Kim
Summary
- Blockchain analytics firm Lookonchain reported that two whale addresses purchased approximately $23.94 million worth of Ethereum during the market downturn.
- The address starting with 0x5fAD bought at an average price of $2,343 and is estimated to have incurred a loss of $19.36 million.
- The address starting with 0x96F4 bought at an average price of $1,709, with the loss estimated at $3.6 million.
According to blockchain analytics firm Lookonchain on the 7th (local time), two whale addresses have purchased 15,191 Ethereum (ETH) during the market downturn.
This amounts to approximately $23.94 million. The address starting with 0x5fAD has bought 24,299 ETH at an average price of $2,343 since February 11, 2024.
This investment is estimated to have resulted in a loss of $19.36 million. In the case of the address starting with 0x96F4, it has purchased 22,000 ETH at an average price of $1,709 over the past six days. The loss is estimated to be $3.6 million.
Meanwhile, ETH is trading at $1,547.15 on the Binance Tether (USDT) market as of 3:03 on the 8th, down 10.58% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
