An ETH OG whale engaged in spot market selling off to take profit leveraging long, holding a total of $56.18 million in long positions

BlockBeats News, February 24th, according to on-chain analyst Ai Auntie (@ai_9684xtpa) monitoring, the OG whale who hoarded ETH in 2017 spot sold while leverage longing. Address 0xead...E9D55 sold 23,924 ETH at an average price of $1888.71 in the past 10 hours, totaling $45.18 million. Interestingly, after spot reduction, the whale recharged 15.998 million USDC collateral to Hyperliquid, placed BTC/ETH/HYPE limit long orders, intending to open long positions at a lower level. Currently, it holds a $56.18 million position, mostly long, with a unrealized loss of $6.462 million.

The whale received 19,000 ETH 2 years ago, accumulated in 2017 at a cost as low as $357; also received 7,038 ETH 2 weeks ago, withdrawn from the exchange at an average price of $2,709.43 from December 2023 to April 2024.