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Ether Whale's $6.68 Million Buy Shows $122,000 Paper Gain

The whale bought 2,887.49 ETH at an average price of $2,315. The broader market began rebounding about 10 minutes after the purchase.

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A silver token rests beside a rising polished metal ramp / TokenPost.ai
A silver token rests beside a rising polished metal ramp / TokenPost.ai

An unidentified whale's $6.68 million Ether (ETH) purchase showed a $122,000 unrealized gain after a market rebound.

The whale bought 2,887.49 ETH at an average price of $2,315. The purchase was made about 10 hours before the gain snapshot.

About 10 minutes after the purchase, the broader market reached a short-term low and began to rebound.

At 9:46 p.m. ET Saturday (01:46 UTC Sunday), the position showed $122,000 in unrealized gains. That figure reflects a paper gain on an open position, not profit from a completed sale.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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