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Token ETH
Token USDC

Aug 23, 2023

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SOC Team

Whale dumped $ETH despite huge loss

Outflow

Total tokens transferred

Token ETH

10.6K

ETH

Token USDC

17.193M

USDC

Whale 0x828 dumped 10.6K $ETH for 17.193M $USDC at $1,622 on average just now:

 

Notably, this is the first sale in the whale's third $ETH trading cycle:

  • accumulated a total of 22,664 $ETH between June 22 and August 18, 2023 (after the recent market crash) at $1,898 on average ($43M)
  • sold 10.6K $ETH for 17.19M $USDC at $1,622 just now. Realized loss: $2.92M (-14.5%)
  • currently holds 12,004 $ETH ($19.8M). Unrealized loss: $3.03M
  • estimated total loss from this cycle: $5.95M

 

Previously, the whale earned a total of $14.53M from its $ETH and $MKR investment:

  • gained $14.17M from the first two $ETH trading cycles (check out the previous signal here)
  • gained $357K (+10.67%) from $MKR yesterday (check out the previous signal here)

 

Fig 1. Whale 0x828 dumped 10.6K for 17.193M $USDC $ETH at $1,622.

 

 

Fig 2. Whale 0x828's PnL in the third and latest $ETH trading cycle.

#whale
#mkr
#eth