Whale bought 132,000 ETH within 11 days and is currently facing a paper loss of $39.76 million.

Recently, an on-chain observer noticed that a large investor had embarked on a series of striking operations in the Ethereum market. This investor successfully profited approximately 30.45 million USD through two clever Ethereum transactions. Subsequently, the investor exchanged the remaining 30.58 million USDC for 13,498 ETH.

It is worth noting that this investor converted a total of 336 million USDC into approximately 132,000 ETH in just 11 days, with an average purchase price of $2,540. However, due to market fluctuations, this investment is currently facing an unrealized loss of about $39.76 million.

This series of large-scale trading activities has attracted widespread attention in the market. Analysts point out that such large-scale operations may have a certain impact on the short-term price trends of Ethereum. At the same time, this also reflects the confidence of some large investors in the long-term development prospects of Ethereum.

However, market observers also remind that the cryptocurrency market is highly volatile and investors should act cautiously and fully assess the risks. Although the behavior of large investors may guide market sentiment, individual investors still need to make wise investment decisions based on their own circumstances.