A whale (a large investor) bought 10,400 ETH, lowering the average price and resulting in a cumulative unrealized loss of $10.48 million.

A whale spent 20 million USDC to buy 10,380 ETH at $1,927 to lower the average price of its holdings. Two months ago, this whale spent 40 million USDC to buy 15,118 ETH at $2,646. It has now spent a total of 60 million USDC to buy 25,498 ETH, with an average holding price of $2,353 and a cumulative unrealized loss of $10.48 million.