2 Whale Ethereum are making large purchases despite the market plummet! - Coin Bulletin

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As the market pulls back, two whales have drawn attention by purchasing a total of 15,191 Ethereum, but both are still at a loss.

The crypto analysis platform Lookonchain reported that during the recent price drop in the market, two major Ethereum (ETH) investors purchased a total of 15,191 ETH (approximately 23.94 million dollars). The past purchases and current loss status of both addresses reveal that they have maintained their buying positions despite the decline.

One of these addresses, 0x5fAD, has purchased a total of 24,299 ETH since February 11, 2024. Comparing these purchases made at an average of $2,343 to today's value, it is currently approximately $19.36 million in loss. The other investor, 0x96F4, has made an investment of $37.6 million by purchasing 22,000 ETH just in the last 6 days. His current loss is at the level of $3.6 million.

Both whales continue to view the decline as a buying opportunity despite currently having suffered significant losses.