A whale that has been building positions in Ether and Wrapped Bitcoin since July added another $17.75 million worth of assets, according to on-chain analyst Ai Yi cited by ChainCatcher. Over the past four hours, the wallet withdrew 75 WBTC and 4,998 ETH from exchanges. The latest move brings its cumulative holdings to 56,400 ETH and 700 WBTC, with the total position now valued at about $148 million. Ai Yi said the whale’s average cost basis is around $1,742 for ETH and $64,205 for WBTC. Based on current valuations in the post, the wallet is sitting on an unrealized profit of about $11.42 million. The transaction adds to a buying streak that, before this latest accumulation, had already exceeded $109 million since July.
A whale that has accumulated more than $109 million in ETH and WBTC since July has added to the position again, according to on-chain analyst Ai Yi, as cited by ChainCatcher.
In the past four hours, the wallet withdrew 75 WBTC and 4,998 ETH from exchanges, a move valued at roughly $17.75 million.
That brings the whale’s total accumulated position to 56,400 ETH and 700 WBTC, worth about $148 million in total. The average entry price is around $1,742 for ETH and $64,205 for WBTC, with unrealized profit standing at about $11.42 million.
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