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Sun Ethereum position is suspected to have already lost $90.2 million this year

Sun Ethereum position is suspected to have already lost $90.2 million this year

Bitget2024/10/30 03:33
PUFFER+1.17%ETH+0.03%TRX+0.90%

According to data provided by Scopescan, Sun bought a total of 186,110 ETH on CEX and 1inch this year (worth $590.24 million), selling only 10,000 ETH with an average holding price of $3,100. Calculated at the current Ethereum price, his Ethereum position has lost about $88 million.

In addition, Sun deposited 30,000 ETH into Kelp (worth $115 million), which is now worth $79 million; he used a total of 32,000 stETH on Pendle to purchase PT-pufETH and converted it into 3,900 pufETH and 28 thousand eETH for a loss of $3.48 million; through air drops he received 97 thousand PUFFERs and approximately 297240 EIGENs making a profit of around $1.268 million. In summary, Sun‘s Ethereum positions have resulted in floating losses totaling around $90.2 million this year (not considering whether he holds hedging positions).

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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