Ethereum whale adds 10,380 ETH as unrealized losses reach $11.3 million

A major Ethereum investor has drawn market attention by acquiring an additional 10,380 ETH, valued at approximately $19.91 million, despite holding considerable unrealized losses. The wallet, identified as 0x4cee, now holds a total of 25,498 ETH, placing its average entry at $2,382 per ETH. This accumulation took place as Ethereum’s price faced continued selling pressure near the $1,950 mark. On-chain analytics platform Lookonchain reported that address 0x4cee executed the latest purchase following a previous trading period in which the whale generated $3.66 million in profits by buying and selling 10,500 ETH.