In April, an anonymous crypto trader sold 2,522 ETH for $3.96 million at a price of $1,570. On May 22, he repurchased 1,425 ETH at $2,670 per coin, spending $3.8 million.
According to their calculations, the aforementioned trader’s losses exceeded 1,000 ETH ($2.67 million).
Experts cited an example of more successful Ethereum transactions: another “mysterious whale” purchased 30,000 ETH ($54.9 million) at $1,830 and 600 BTC ($56.94 million) at $94,900 on the over-the-counter market on April 27.
A few hours ago, he sold 30,000 ETH for $78.63 million (at a price of $2,621). The profit amounted to $23.73 million.
His 600 BTC remain untouched, now valued at $66.5 million, with an unrealized gain of $9.6 million.
At the time of writing, the second-largest cryptocurrency by market capitalization is trading around $2,660. Over the past 30 days, the asset has appreciated by 56%, according to CoinMarketCap.
