PANews reported on February 2nd that, according to on-chain analyst Yu Jin, a whale/institution that had been dormant for five years made a long position on ETHPANews reported on February 2nd that, according to on-chain analyst Yu Jin, a whale/institution that had been dormant for five years made a long position on ETH
A whale, dormant for 5 years, went long on ETH using a crypto-based strategy: it pledged 44,500 ETH to borrow 70 million USDT and bought ETH.
1 min read
PANews reported on February 2nd that, according to on-chain analyst Yu Jin, a whale/institution that had been dormant for five years made a long position on ETH in the early hours of today: it pledged 44,500 ETH (US$102 million) and borrowed 70 million USDT to buy 30,222 ETH at a price of US$2,316. The whale's pledged ETH was withdrawn from Bitfinex five years ago when the ETH price was US$1,354. The current profit is US$42.57 million.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Why Multicoin Capital’s Kyle Samani Is Leaving Crypto for AI and Robotics
TLDR Kyle Samani is stepping down as managing partner of Multicoin Capital after nearly a decade in the crypto industry He plans to explore other technologies including
Share
Coincentral2026/02/05 15:58
SUI Price Rebounds Above $1 as HashKey Enables Trading Support
The post SUI Price Rebounds Above $1 as HashKey Enables Trading Support appeared on BitcoinEthereumNews.com. SUI price gives a major breakdown from the support
Share
BitcoinEthereumNews2026/02/05 16:32
BitGo wins BaFIN nod to offer regulated crypto trading in Europe
BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
Share
Coinstats2025/09/18 06:02