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A certain whale bought EIGEN and HYPE tokens at a high point, now suffering a loss of 22.42 million US dollars

A certain whale bought EIGEN and HYPE tokens at a high point, now suffering a loss of 22.42 million US dollars

Bitget2025/04/02 07:36
EIGEN-0.38%WBTC0.00%HYPE-0.03%

According to on-chain analyst Yu Jing, a certain whale has lost 22.42 million (-69%) from October last year to now. Their operations are as follows:
-Firstly, in October last year, they used 21 addresses to purchase 8.917 million EIGEN for $32.45 million at an average price of $3.64 per unit;

-At the end of December, 2.417 million EIGEN were sold at an average price of $3.77 and exchanged for 9.12 million USDC. Then, when HYPE was at its highest point, it bought 295 thousand HYPE coins at $30.9 each; now that the price of HYPE is only $13, there's a floating loss of $5.21 million on HYPE.
-In recent days, this whale has also cut losses by selling 2.862 million EIGEN at $1.068 each in exchange for 31.6 WBTC ($3.05 million).

The whale's $32.45 million from last October has now turned into 295,000 HYPE ($3.9 million), 3,638,000 EIGEN ($3.08 million), and 36.1 WBTC ($3.05 million). The total value is $10.03 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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