PANews reported on April 29 that according to monitoring by on-chain analyst @ai_9684xtpa, the "band whale who borrowed currency to go long on 15,000 ETH on April 28" sold 4,491.2 ETH (US$8.068 million) six hours ago to partially close his position, suffering another loss of US$21,700.

Yesterday’s “buy more as the price drops” operation reduced the average opening price of ETH to $1,801.24. Currently, the two addresses still hold 10,510 ETH, which currently has a floating profit of $33,400.