Early ETH Whale Sells 23,924 ETH for $45.18M, Opens $56.18M Leveraged Long Positions

An ETH whale that has been accumulating since 2017 sold 23,924 ETH for $45.18 million at an average price of $1,888.71 over the past 10 hours, onchain analyst Aunt Ai reports. The wallet at address 0xead…E9D55 then deposited $15.998 million in USDC as margin on Hyperliquid and placed limit buy orders for BTC, ETH and HYPE, positioning to reopen long exposure at lower entry levels. The address now holds $56.18 million in mostly long open positions with an unrealized loss of $6.462 million, and previously received 19,000 ETH two years ago acquired in 2017 at costs as low as $357, as well as 7,038 ETH sent to the address two weeks ago that was withdrawn from exchanges at an average of $2,709.43 between December 2023 and April 2024.