On-chain data shows the whale has amassed over 80,000 ETH in recent days, indicating substantial conviction despite facing significant unrealized losses.
On Jan. 30, on-chain analyst Ai Aunt reported that a whale sent 56.05 million USDC to FalconX and withdrew 20,000 ETH at $2,819.92. Since Jan. 21, the whale has accumulated 80,013 ETH at an average purchase price of $2,885.75, currently sitting on an unrealized loss of $6.43 million. This latest transaction increases the whale’s total Ethereum holdings to over 110,000 ETH, valued at more than $311 million including staked assets, underscoring a long-term play despite market fluctuations.