A major whale or institution has significantly increased its holdings of cbBTC and ETH, adding $500 million worth of cryptocurrencies during the recent market downturn. In the past 9 hours alone, the entity acquired 2,500 cbBTC valued at $181 million. Since the market crash, it has accumulated 4,000 cbBTC at an average price of $73,837, totaling $295 million, and 83,392 ETH at an average price of $2,450, totaling $204 million.
Currently, the whale holds 173,000 ETH worth $406 million and 4,000 cbBTC worth $295 million, despite a floating loss of $94.64 million. The average cost price for ETH is $2,667, while cbBTC is held at an average price of $73,837.
Whale Accumulates $500M in cbBTC and ETH Amid Market Slump
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