A cryptocurrency whale linked to Matrixport is continuing to expand his Ethereum long positions despite a broader market decline. The investor, who previously secured $59 million in profits, has accumulated 114,160 ETH, valued at approximately $248.65 million, across four wallets. Currently, these positions reflect $10.3 million in unrealized losses, indicating a strong conviction in Ethereum's future performance despite current market conditions.
Matrixport Whale Increases Ethereum Longs Despite Market Downturn
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