Blockchain tracker Ai Yi said whale address 58bro.eth sent 3,000 ETH to OKX about one hour before the report, with the transfer valued at roughly $7.53 million at the time. On-chain data shows the same batch of ETH had been withdrawn five days earlier at a price of $2,702.35 per coin. By the time the funds were deposited to the exchange, ETH had fallen to $2,512.13, a drop of about 7% over that period. Based on the difference between the withdrawal price and the later deposit price, the position’s paper value had declined by about $570,000. The report did not state whether the address had sold the tokens after the transfer, only that the funds were moved to OKX.
According to Ai Yi, whale address 58bro.eth deposited 3,000 ETH to OKX about one hour before the report. The transfer was worth about $7.53 million at the time.
On-chain data shows the ETH had been withdrawn five days earlier at $2,702.35 per coin. When the funds were sent to OKX, ETH was trading at $2,512.13, down about 7%. Based on that price gap, the position was sitting on a paper loss of roughly $570,000.
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