A whale has Stake 33,499 ETH, worth approximately $106.17 million, according to on-chain monitoring data.
This transaction attracted attention because the whale is believed to have purchased the aforementioned ETH for $113.25 million and is currently recording a loss of $7.36 million at the time of reporting.
- The whale Stake 33,499 ETH, worth $106.17 million.
- Acquisition cost: $113.25 million; estimated loss: $7.36 million.
- The data was recorded on January 5th via on-chain monitoring.
Details of the Stake transaction: 33,499 ETH
A whale wallet has Stake 33,499 ETH, equivalent to $106.17 million.
According to OnchainLens' tracking, the Stake activity was recorded in a report on January 5th. The size of 33,499 ETH indicates a significant allocation to Ethereum's Staking mechanism, rather than keeping ETH in a liquidation state.
Stake is typically associated with the expectation of longer-term holding and receiving Staking rewards, but the act itself does not eliminate the risk of price volatility. Information currently only states the estimated quantity and value at the time of recording.
Cost of Capital and estimated losses for whales
The whale is believed to have spent $113.25 million to buy this ETH and is now at a loss of $7.36 million.
With the current valuation of $106.17 million for 33,499 ETH, the difference from the Capital basis of $113.25 million results in an estimated loss of $7.36 million. This figure reflects the fluctuation in ETH price since the purchase.
The information in this report is for informational purposes only and is not investment advice. Cryptocurrency market Watcher often use such data to gauge the sentiment of large-scale investors.
