On-chain analyst Ai Yi's recent ETH acquisition at a high price reflects the volatile nature of the cryptocurrency market, as he holds a significant paper loss without any selling activity.
On August 1st, on-chain analyst @ai_9684xtpa reported a whale purchase of $20.08 million worth of ETH. On July 28th, the analyst bought 5,073.16 ETH at $3,958 each, which was $37 above the exchange price, marking a short-term high. Currently, he faces a paper loss of $1.645 million and has not sold or transferred his holdings.