PANews reported on May 30 that according to Yu Jin, a whale suffered serious losses in ETH operations: on April 23, the whale sold a total of 50,754 ETH at a price of US$1,754 in exchange for US$89.03 million in USDT, of which 15,000 were shorted with borrowed coins; today, he used the same USDT to buy back only 34,343 ETH at a price of US$2,592, leaving a net of 19,302 ETH after returning the borrowed coins.

Based on the current price, its ETH holdings have shrunk to US$50.04 million, a decrease of US$42.64 million from the original value of US$92.69 million, a loss of approximately 16,452 ETH.