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Three Addresses Acquire $238.7M in ETH, Now Facing $16M Losses

Lookonchain data reveals a large OTC Ethereum purchase averaging $4,230 per ETH, but recent price drop results in significant unrealized losses for the investor.

ETH

Summary

An OTC whale purchased 60,333 ETH worth $238.7 million over the past week at an average price of $4,230 per ETH. However, due to a market pullback, the position now faces over $16 million in unrealized losses. The data comes from blockchain analytics firm Lookonchain.

Terms & Concepts
  • Over-the-Counter (OTC) Trading: A method of trading assets directly between parties without using a centralized exchange, often used for large transactions to avoid slippage.
  • Unrealized Loss: The decrease in value of a held asset compared to its purchase price, which has not yet been finalized through a sale.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, staking, and smart contract execution.