One address sold $5.9 million worth of WEETH and WBTC in 4 hours.

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The on-chain address 0xeABD4A433D9BD08DDbB086503b18BBe2dD51a414 has sold a total of approximately $5.9 million worth of WEETH and WBTC in the past 4 hours; the WEETH sales alone resulted in a paper loss of approximately $1.188 million.

The transaction shows large-scale exit activity in a short period, including WEETH held for over a year and WBTC, with WEETH's buy/sell price data showing selling below Capital.

MAIN CONTENT
  • Wallet 0xeABD…a414 sold approximately $5.9 million worth of WEETH and WBTC in 4 hours.
  • WEETH sold approximately $2.63 million worth of shares; the position had been held for over a year.
  • WEEK: Cost of Capital $3,022.31, selling price $2,082.62, paper loss approximately $1.188 million.

Sale transaction: scale and assets

Over the past 4 hours, wallet 0xeABD4A433D9BD08DDbB086503b18BBe2dD51a414 has sold approximately $2.63 million worth of WEETH and $3.266 million worth of WBTC, totaling approximately $5.9 million.

on-chain data recorded two sell orders concentrated on WEETH and WBTC, with WBTC accounting for approximately $3.266 million and WEETH for approximately $2.63 million. The total value of sales was recorded within a 4-hour timeframe, reflecting a rapid sell Dump rather than a sustained distribution.

WEETH: holding time and paper loss level

The portion of WEETH sold was a position held for over a year, with an Medium purchase price of $3,022.31 and a selling price of $2,082.62, resulting in a paper loss of approximately $1.188 million.

The difference between the Medium Capital of $3,022.31 and the selling price of $2,082.62 indicates that the transaction was executed below the purchase price. The WEETH selling volume of approximately $2.63 million was tied to a long position, so the estimated paper loss of approximately $1.188 million becomes the most significant data point in this sale.

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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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