Whale Investor Reacquires Ethereum, Faces Significant Losses

According to Odaily, an on-chain analyst named Yu Jin has reported that a whale investor, who previously sold 6,001.7 ETH at the end of June for $3,384 each, making a profit of $1.64 million, has repurchased more Ethereum over the past two months. The investor spent a total of $25.33 million to buy back 8,010 ETH at an average price of $3,163 each. Currently, the investor is facing an unrealized loss of $5.07 million.