Whale Dormant for Two Years Accumulates ETH, Faces $1.8 Million Loss after Holding for Four Months, Now Close to Breakeven

BlockBeats News, July 22nd, according to Ai Whale Alert, address 0x9BF…4564a has become active again after nearly two years of dormancy, accumulating a large amount of ETH, and the current holdings are close to breaking even.

Data shows that on February 8th, the address withdrew 4819 ETH at a price of approximately $1941.25, worth about $9.35 million. This is the first on-chain transaction by this address since entering hibernation in March 2024.

During the holding period, the address faced a potential loss of about $1.8 million. With the current rise in ETH price, the loss on this position has significantly decreased. Half an hour ago, the address transferred 1200 ETH to Gate.io, with an estimated loss of about $20,000 if sold at the current price.

This address previously accumulated ETH at a low point, holding it to date despite experiencing a long period of unrealized losses.