PANews reported on April 2 that according to @EmberCN monitoring, a suspected whale or institutional investor has suffered heavy losses in investment operations from October last year to date. The investor initially purchased 8.917 million EIGEN at an average price of $3.64 for $32.45 million. However, the decline in the price of EIGEN caused him to lose $17.19 million. Subsequently, he sold 2.417 million EIGEN at an average price of $3.77 at the end of December last year, exchanged for $9.12 million USDC, and bought 295,000 HYPE at a high price of $30.9. However, the current price of HYPE is only $13, resulting in a floating loss of $5.21 million.

In recent days, the investor sold 2.862 million EIGEN at a price of $1.068 in exchange for 31.6 WBTC (about $3.05 million). So far, his initial $32.45 million has shrunk to only $10.03 million, including 295,000 HYPE (about $3.9 million), 3.638 million EIGEN (about $3.08 million) and 36.1 WBTC (about $3.05 million), with a total loss of $22.42 million, a drop of 69%.