Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
A certain whale bought EIGEN and HYPE tokens at a high point, now suffering a loss of 22.42 million US dollars

A certain whale bought EIGEN and HYPE tokens at a high point, now suffering a loss of 22.42 million US dollars

Bitget2025/04/02 07:36

According to on-chain analyst Yu Jing, a certain whale has lost 22.42 million (-69%) from October last year to now. Their operations are as follows:
-Firstly, in October last year, they used 21 addresses to purchase 8.917 million EIGEN for $32.45 million at an average price of $3.64 per unit;

-At the end of December, 2.417 million EIGEN were sold at an average price of $3.77 and exchanged for 9.12 million USDC. Then, when HYPE was at its highest point, it bought 295 thousand HYPE coins at $30.9 each; now that the price of HYPE is only $13, there's a floating loss of $5.21 million on HYPE.
-In recent days, this whale has also cut losses by selling 2.862 million EIGEN at $1.068 each in exchange for 31.6 WBTC ($3.05 million).

The whale's $32.45 million from last October has now turned into 295,000 HYPE ($3.9 million), 3,638,000 EIGEN ($3.08 million), and 36.1 WBTC ($3.05 million). The total value is $10.03 million.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!