A whale has fully exited an Ether position after holding it for five months, according to on-chain tracker Lookonchain. The wallet sold 1,862.3 ETH at an average price of $1,923, for a total value of about $3.58 million. The trade resulted in a loss of $1.42 million, or 28%, based on the figures shared in the update. Lookonchain said the same whale had accumulated the 1,862.3 ETH in January when Ether was falling, with an average entry price of $2,685. The sale closed out the entire position and locked in the loss after several months of holding. The update was cited by BlockBeats on July 22.
A whale has closed an Ether position after holding it for five months, according to on-chain tracker Lookonchain.
BlockBeats reported on July 22 that the wallet sold 1,862.3 ETH at an average price of $1,923, for a total value of about $3.58 million.
Based on the disclosed figures, the whale realized a loss of $1.42 million, or 28%.
Lookonchain said the same whale bought 1,862.3 ETH in January, when Ether was falling, at an average price of $2,685.
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