Trader Who Lost $12M on ETH Returns With $5.33M Buy

An Ethereum trader with a history of sizable trading losses has returned to the market, investing $5.33 million in ETH following a six-month hiatus.

Blockchain analytics platform Lookonchain said the wallet, identified as 0xD81a, acquired 2,165 ETH at an average price of $2,463.

The purchase follows a previous round of Ethereum trading in which the wallet accumulated $12 million in losses from buying at higher prices and selling at lower levels.

During that earlier activity, 0xD81a exited ETH at an average price of $2,452. The latest acquisition therefore puts the wallet back into the cryptocurrency at $11 per ETH above its previous average selling price.

Source: Lookonchain