Crypto Whale Tops $12.5M in Unrealized Gains After Buying 54,449 ETH and 600 WBTC

A cryptocurrency whale has continued buying Ethereum (ETH) and Wrapped Bitcoin (WBTC), acquiring a combined $132.37 million in the two assets since June 30. As both cryptocurrencies climbed, the holdings appreciated, leaving the investor with more than $12.5 million in unrealized gains. 

Blockchain data shows wallet 0x2684 acquired 54,449 ETH, worth about $94 million, between June 30 and today at an average price of $1,726 per ETH. 

The same wallet also accumulated 600 WBTC, worth roughly $38.37 million, at an average purchase price of $63,950 per token. 

Based on current market prices, the investor’s holdings have increased in value. Ethereum was trading at $1,919, while Wrapped Bitcoin (WBTC) changed hands at $65,853, resulting in an estimated unrealized profit of more than $12.5 million across the two positions.

The continued accumulation underscores sustained buying by a large holder, with unrealized gains driven by the rise in Ethereum and Wrapped Bitcoin prices since purchases began on June 30.

Source: Lookonchain