A large investor entered a long position on ETH at a peak price due to fear of missing out and incurred a loss of 3.24 million USD in 14 hours

A large investor, referred to as a whale, opened a long position in Ethereum driven by fear of missing out (FOMO), leading to a loss of 3.24 million USD in just 14 hours.

After partially closing their position due to a decline in ETH prices, the trader’s total realized loss reached 5.835 million USD, with an unrealized loss of approximately 2.66 million USD on the remaining ETH.