After a slight market rebound, a prominent whale who previously incurred an $8.22 million loss from long-leveraged Ethereum positions is ramping up their investments again.
Just 10 hours ago, this whale withdrew 1,401 ETH, worth approximately $3.39 million, from Binance. They subsequently deposited these funds into Compound and borrowed 2.3 million USDT to reinvest in Binance.
Currently, the whale has pledged a total of 2,794 ETH to borrow 4.53 million USDT, maintaining a health level of 1.23. However, if the price of ETH drops to $1,965, this position risks liquidation.
大盘稍有反弹，「曾杠杆做多 $ETH 亏损 822 万美金的巨鲸」又开始加仓了！🤨
10 小时前他从 #Binance 提出 1401 枚 ETH（339 万美金），存入 Compound 后再次借出 230 万枚 USDT 充值进币安；目前共抵押 2,794 ETH 借出 453 万枚 USDT，健康度 1.23，ETH 跌至 $1965 时将面临清算
钱包地址… https://t.co/yVst7GJvTU pic.twitter.com/iMi6e62yCv
— Ai 姨 (@ai_9684xtpa) October 5, 2024
In a related development, a developer from the Cosmos network, @interchain_io, recently sold 4,000 ETH, valued at about $9.5 million, that was raised during their April 2017 ICO. Over the past five months, they have sold a total of 15,100 ETH, accumulating approximately $37.09 million.
27 小时前，@cosmos 开发商 @interchain_io 出售了 4,000 枚 ($9.5M) 在 2017 年 4 月 ICO 募集的 ETH。
他们在今年 4 月底至今的 5 个多月时间里累计出售了 15,100 ETH ($37.09M)。Cosmos 在 2017 年 4 月通过 ICO 募集了约 1700 万美元资金 (包括 4882.7 BTC 和 246,891 ETH)。… pic.twitter.com/eTjcUolC6v
— 余烬 (@EmberCN) October 5, 2024
Cosmos Currently Holds 383 BTC And 23,587 ETH After Selling Off Some Position
Cosmos originally raised around $17 million through its ICO, which included 4,882.7 BTC and 246,891 ETH. Since then, the team has sold 4,499 BTC and 223,305 ETH, totaling around $132.2 million based on the transfer prices.
Presently, they hold 383.8 BTC and 23,587 ETH. Thanks to the significant appreciation in BTC and ETH prices over the past seven years, the value of their unsold tokens now exceeds $80.86 million, far surpassing the original funds raised.
On another note, October 4 marked a total net outflow of $3.1955 million from Ethereum spot ETFs, reflecting the ongoing shifts in market sentiment. With these developments, the landscape remains dynamic as investors navigate the evolving crypto space.
On October 4, Bitcoin spot ETF had a net inflow of $25.5859 million, Grayscale ETF GBTC had an outflow of $13.9096 million, Bitwise ETF BITB had an inflow of $15.2854 million, and Fidelity ETF FBTC had an inflow of $13.6262 million. Ethereum spot ETF had a total net outflow of…
— Wu Blockchain (@WuBlockchain) October 5, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/market-rebound-whale-activity-and-cosmos-ico-developments/