Ethereum Holder Sells 1,862 ETH After Five Months, Realizes $1.42M Loss

A cryptocurrency investor identified as “0x121c” has exited an Ethereum position after holding the asset for five months, selling 1,862.3 ETH for approximately $3.58 million at an average price of $1,923 per token, according to on-chain data. The transaction resulted in a realized loss of roughly $1.42 million, or 28%, on the investment.

The wallet originally acquired 1,862.3 ETH in January at an average purchase price of $2,685 per token during a market decline in Ethereum.

Source: Lookonchain