According to blockchain analyst Yu Jing, a certain whale has lost $22.42 million (-69%) from October last year to the present time. Their operations look as follows:

- Firstly, in October last year, they used 21 addresses to purchase 8.917 million EIGEN for $32.45 million at an average price of $3.64 per unit;

- At the end of December, 2.417 million EIGEN were sold at an average price of $3.77 and exchanged for 9.12 million USDC. Then, when HYPE was at its peak, 295 thousand HYPE coins were purchased at $30.9 each; now, when the price of HYPE is only $13, there is a floating loss of $5.21 million on HYPE.

- In recent days, this whale also reduced losses by selling 2.862 million EIGEN for $1.068 each in exchange for 31.6 WBTC ($3.05 million).

$32.45 million of the whale from October last year has now turned into 295,000 HYPE ($3.9 million), 3,638,000 EIGEN ($3.08 million), and 36.1 WBTC ($3.05 million). The total value amounts to $10.03 million.$WBTC $EIGEN