A major crypto whale has acquired $262 million worth of Ethereum (ETH) and cbBTC over the past three days, according to Ember Monitoring. The purchases include 83,392 ETH valued at approximately $204 million, with an average price of $2,450, and 750 cbBTC worth around $57.78 million, at an average price of $77,040.
Despite these significant acquisitions, the whale is currently facing a paper loss of $55.11 million due to market fluctuations. The current price of ETH has dropped to $2,332.24, while cbBTC is trading at $78,630.97. The whale's total holdings now include 173,000 ETH, valued at approximately $406 million, and 750 cbBTC.
Whale Faces $55 Million Paper Loss After $262 Million Crypto Purchase
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