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58bro.eth Buys $20.77 Million in Ether (ETH) After a $19.18 Million Sale

The account acquired 10,501 Ether (ETH) at an average $1,978 per token over two days; about a week earlier, it sold 8,000 ETH at $2,397 each.

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A faceted silver token sits beside a broad field of matching discs / TokenPost.ai
A faceted silver token sits beside a broad field of matching discs / TokenPost.ai

Trader 58bro.eth bought 10,501 Ether (ETH) over two days, more than the 8,000 ETH it sold roughly a week earlier at a higher per-token price.

The latest purchases were valued at $20.77 million, averaging $1,978 per Ether. In the earlier trade, the account sold 8,000 ETH at $2,397 each, for $19.18 million.

The recent purchase was 2,501 ETH larger than the earlier sale, and its average price was $419 below the prior sale price. Separately, 58bro.eth has accumulated $39.66 million in profit on Hyperliquid, with an 87.5% win rate.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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