PANews April 2 news, according to monitoring by Yu Jin @EmberCN, a suspected Whale or institutional investor has suffered heavy losses in investment operations from last October to now. This investor initially purchased 8.917 million EIGEN for 32.45 million USD, at an average price of 3.64 USD. However, the fall in EIGEN price led to a loss of 17.19 million USD. Subsequently, he sold 2.417 million EIGEN at an average price of 3.77 USD at the end of December last year, exchanging it for 9.12 million USDC, and bought 295,000 HYPE at a high price of 30.9 USD. However, the current price of HYPE is only 13 USD, resulting in unrealized losses of 5.21 million USD.
In recent days, the investor sold 2.862 million EIGEN at a price of $1.068, exchanging it for 31.6 WBTC (approximately $3.05 million). So far, their initial $32.45 million has shrunk to only $10.03 million, which includes 295,000 HYPE (approximately $3.9 million), 3.638 million EIGEN (approximately $3.08 million), and 36.1 WBTC (approximately $3.05 million), totaling a loss of $22.42 million, with a drop of 69%.
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