Three major ETH whales are facing substantial losses, with average holding prices for Bitmine, Trend, and SharpLink all exceeding 3200 USDT.

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According to Followin, data shows that institutions are suffering significant losses on their ETH holdings. Bitmine, led by Tom Lee, has a cost basis of 3906 and is down 28.86%. Trend, led by Yi Lihua, has a cost basis of 3208 and is down 8.5%. SharpLink, led by Joseph Lubin, has a cost basis of 3609 and is down 18.67%.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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