A whale associated with Matrixport has increased its long positions in ETH to $254 million, but has already incurred a paper loss of $17.5 million.

CoinFeed reported on May 18th that, according to Lookonchain monitoring, a whale associated with Matrixport continued to increase its long ETH position during the market downturn. It currently holds 120,000 ETH ($254 million), with a paper loss exceeding $17.5 million.