Whale Gains $23.47M in Unrealized Profit Following ETH Withdrawal
Analyst Ai Yi reports that a whale now holds over 70,000 ETH longs worth $224 million, reflecting substantial unrealized gains amid rising Ethereum prices.
ETH
Summary
On Dec. 1, a whale address withdrew 77,385.34 ETH at $2,835 each, yielding an unrealized profit of $23.47M with ETH now at $3,141. Analyst Ai Yi later reported that the same whale, known as the '1011 insider', holds 70,001.53 ETH long positions valued at $224M, opened at an average of $3,068.64, resulting in $10.21M in unrealized gains. These moves highlight ongoing high-value activity from large Ethereum holders.
Terms & Concepts
- Ethereum (ETH): A decentralized blockchain platform that enables smart contracts and decentralized applications, using its native cryptocurrency, ETH.