The volatility in the cryptocurrency market has brought the transactions of large investors (whales) back into the spotlight. While some large investors trading on the Hyperliquid platform faced losses of millions of dollars, a large purchase by a long-inactive Ethereum (ETH) wallet attracted attention.
Dogecoin Whale on the Verge of Liquidation: Total Loss $3.55 Million!
According to on-chain data, a large investor who took a position on Hyperliquid predicting a rise in Dogecoin (DOGE) price is experiencing significant losses.
The whale has incurred approximately $1.53 million in unrealized losses on its $5.35 million DOGE long position. The fact that the position is only 3.65% away from liquidation increases the risk faced by the investor.
Furthermore, it was reported that the same investor recently lost an additional $741,800 due to liquidations in DOGE, XRP, and LIT positions.
According to the latest data, the whale’s total profit/loss (PnL) has reached minus $3.55 million.
Ethereum Sees $5.4 Million Worth of Whale Purchase!
While some large investors are suffering losses in the market, others are seeing the price drop as a buying opportunity.
According to on-chain analysis, the wallet with the address 0xB47…0511e, which had been inactive for about a year, purchased $5.4 million worth of Ethereum in a single transaction. The whale’s average cost per ETH purchase was calculated as $2,113.46.
What was interesting was the history of the funds the investor used for this transaction.
It was determined that 5.4 million USDT was transferred to the wallet one day before the purchase, but these funds had actually been withdrawn from various cryptocurrency exchanges approximately three years ago and were being held in the wallets.
When the funds were first withdrawn, the price of Ethereum was around $1,500. Thus, the investor, after spending the period when the ETH price rose to around $4,500 without making a purchase, entered the market at around $2,113.
$16.8 Million Profit Opportunity Lost in Ethereum Transaction of Wallet Linked to UXLINK Hacker!
Meanwhile, it has been reported that a cryptocurrency address associated with the UXLINK attack has closed its large position on the Ethereum market.
According to on-chain data, the address in question has completely closed its long position of 30,000 ETH, which it had held for approximately three months, using the time-weighted average price (TWAP) method.
The position, valued at approximately $64.66 million, had an average closing price of $2,135.20, resulting in a realized loss of $1.106 million.
However, the most remarkable aspect of the transaction was the level of profitability the position had achieved in the past.
According to the data, the same position had generated approximately $16.8 million in unrealized profit during a period when the Ethereum price was high. However, the investor did not realize this profit and eventually closed the position at a loss.
*This is not investment advice.
