Whale Investor Takes New Position in Ethereum (ETH) After Previous Trades Go Awry

• According to data shared by Lookonchain, an Ethereum whale, known for losing millions in past transactions, has repositioned itself in the market.
• The whale withdrew 6,965 Ethereum ($21.9 million) from Binance and later transferred them to Compound (COMP), borrowing $14.5 million USDT.
• This same investor has taken three long positions on Ethereum since March 20, resulting in a total loss of $4.63 million.

An Ethereum whale, notorious for its past losses, has repositioned itself in the market, borrowing $14.5 million USDT after withdrawing 6,965 Ethereum from Binance.

Ethereum Whale’s New Market Position

The Ethereum whale, known for its past losses, has taken a new position in the market. According to data shared by Lookonchain, the whale withdrew 6,965 Ethereum, equivalent to $21.9 million, from Binance. These funds were later transferred to Compound (COMP), where the whale borrowed $14.5 million USDT.

Previous Losses and Current Market Activity

This particular investor has been active in the Ethereum market since March 20, taking three long positions. Unfortunately, these positions have resulted in a total loss of $4.63 million. In the last month, when ... Read the full article for FREE at COINOTAG!