Ether Whale Adds $20 Million as Position Carries $10.48 Million Loss

An unidentified Ether (ETH) holder bought $20 million more of the token on Nov. 13, lifting its holdings to 25,498 ETH as the combined position showed a $10.48 million unrealized loss.

The latest transaction added 10,380 ETH at $1,927 each, with payment in $20 million of USDC. About two months earlier, the holder had bought 15,118 ETH using $40 million in USDC at $2,646 per token.

Combined, the purchases cover 25,498 ETH and $60 million in spending. The resulting average purchase price is $2,353 per ETH, lower than the $2,646 paid in the earlier transaction because the Nov. 13 buy was made at $1,927.

The position nevertheless carried a $10.48 million unrealized loss. An unrealized loss is a reported decline against the purchase cost while the asset remains held, rather than a loss locked in by a sale. The figures show that the lower-priced addition reduced the average entry price but did not erase the loss across the full position.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].