Add as a preferred source on GoogleWallet 0x69A8 Sells 6,532 Ether (ETH) After Earlier Buy Shows $3.1M Loss
The sale averaged $2,085 per ETH, compared with $2,691 for an earlier purchase of 5,105 ETH. The loss calculation does not cover the additional 1,427 ETH sold.
Wallet 0x69A8 sold 6,532 Ether (ETH) for about $13.62 million at an average of $2,085 per token after buying 5,105 ETH at an average of $2,691 about a month earlier.
A loss of about $3.1 million corresponds to that 5,105-ETH purchase. The $606 difference between the average purchase and sale prices implies a loss of about $3.09 million on those 5,105 ETH, rounded to $3.1 million.
The sale exceeded the earlier purchase by 1,427 ETH.
The $3.1 million loss calculation applies to the 5,105 ETH purchase and does not establish the loss on the additional 1,427 ETH sold.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.