The whale exchanged 336 million USDC for 132,000 ETH in 11 days, and now has a floating loss of 39.76 million US dollars

According to PANews, on-chain analyst Yu Jin monitored that a whale/institution that made a profit of $30.45 million through two ETH waves had traded the last 30.058 million USDC in the address into 13,498 ETH.

Starting from June 11, the whale purchased 336 million USDC for 132,000 ETH in 11 days, with a total cost of $2,540 per ETH. Currently, the whale has a floating loss of $39.76 million.