A certain whale/institutional investor dormant for 5 years went long on 30,222 ETH, with an average price of $2,316
BlockBeats News, February 2nd. According to ChainInfo, a whale/institution that has been dormant for 5 years went long on ETH this morning. They collateralized 44,500 ETH (approximately $102 million) to borrow 70 million USDT, and continued to buy 30,222 ETH at an average price of $2316.
Their collateralized ETH was withdrawn from an exchange 5 years ago when the price of ETH was $1354, resulting in a current profit of $42.57 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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