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| Time | Details |
|---|---|
| 2024-08-05 13:23 |
Whale Faces Significant Losses on Leveraged ETH Trades
According to @ai_9684xtpa, a whale who previously lost $4 million on leveraged ETH trades in April 2024 has incurred another $3.42 million loss. Over the past five months, this whale has attempted four leveraged long positions on ETH, resulting in cumulative losses exceeding $8.22 million. During the period from May 17 to July 19, the whale used Compound to leverage long ETH at an average price of $3138. In the last 13 hours, due to continuous price drops, the whale was forced to sell 4707.5 ETH, approximately worth $1.134 million. (Source) |