PANews reported on April 2nd that according to Ember@EmberCN's monitoring, a suspected whale or institutional investor has suffered heavy losses in investment operations from last October to date. The investor initially purchased 8.917 million EIGEN at $3.64 per coin for $32.45 million. However, the drop in EIGEN price led to a loss of $17.19 million. Subsequently, he sold 2.417 million EIGEN at an average price of $3.77 in late December last year, converting to $9.12 million USDC, and bought 295,000 HYPE at a high price of $30.9. However, the current HYPE price is only $13, resulting in an unrealized loss of $5.21 million.

In recent days, the investor sold 2.862 million EIGEN at $1.068, exchanging for 31.6 WBTC (approximately $3.05 million). So far, the initial $32.45 million has shrunk to only $10.03 million, including 295,000 HYPE (approximately $3.9 million), 3.638 million EIGEN (approximately $3.08 million), and 36.1 WBTC (approximately $3.05 million), with a total loss of $22.42 million, a decline of 69%.