A crypto whale that has remained dormant for two years holds a large Ethereum (ETH) position; after incurring an unrealized loss of $1.8 million over four months of holding, its position is now nearly back to break-even.
2026.07.22 18:23:35
According to monitoring by crypto analytics account Ai Yi, wallet address 0x9BF…4564a has reactivated after nearly two years of dormancy and is accumulating large amounts of ETH, with its current position nearly breaking even. On February 8, the address withdrew 4,819 ETH at an average price of ~$1,941.25 per token, totaling approximately $9.35 million. This marks the first on-chain transaction from the address since it went dormant in March 2024. During the holding period, the address once faced an unrealized loss of around $1.8 million. With ETH’s recent price rebound, the loss on the position has narrowed significantly. Half an hour ago, the address transferred 1,200 ETH to crypto exchange Gate.io; if sold at current prices, the transaction would result in a loss of roughly $20,000. The address had previously accumulated ETH at low levels and has held onto the asset despite prolonged unrealized losses.
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