Whale exchanged 336 million USDC for 132,000 ETH in 11 days, currently facing a paper loss of nearly 40 million USD.

According to on-chain analysts, a large investor or institution recently made a profit of $30.45 million through Ethereum trading and then exchanged the remaining $30.58 million USDC for 13,498 ETH. Within 11 days since June 11, this investor has converted a total of $336 million USDC into 132,000 ETH, with an average cost of about $2,540 per ETH. Currently, this investment is facing a paper loss of approximately $39.76 million.

This series of transactions reflects the investor's positive attitude towards the Ethereum market, despite experiencing a certain level of losses in the short term. The continuous inflow of large-scale funds may impact the price trends of Ethereum. However, market volatility remains high, and investors should carefully assess the risks.

It is worth noting that such large-scale trading activities may attract market attention and could influence the decisions of other investors. At the same time, this also highlights the high liquidity and rapidly changing nature of the cryptocurrency market.

USDC-0.01%
ETH1.48%
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screenshot_gainsvip
· 21h ago
Huge losses, knowing but not speaking out~
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TokenomicsTherapistvip
· 21h ago
It's really beautiful.
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SerumSquirrelvip
· 21h ago
Having money means being willful.
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