A prominent ETH whale at a high position further increased their holdings by averaging their cost, purchasing an additional 2732 ETH.

BlockBeats News, December 3rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale who had previously opened a position on September 25th with an average price of $4026 for 736 ETH ($2.96 million) sought to lower their cost basis. On December 2nd to 3rd, they further averaged down by purchasing 2732 ETH at an average price of $2988, investing an additional $8.16 million.

This whale has now invested a total of $11.128 million to acquire 3468 ETH, with an average cost of $3208.8 per ETH, resulting in an unrealized loss of $420,000.