Aug 23, 2023
SOC Team
Whale dumped $ETH despite huge loss
Outflow
Related addresses
Total tokens transferred
10.6K
ETH
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.