ETH Whale Turns from Profit to Loss Amid Price Drop and Begins Selling

Whale's ETH Position Shifts from Gain to Loss

According to Lookonchain data released on February 7, an ETH whale identified by the address 0x3952 saw its $47.5M profit turn into a $57.3M loss due to recent price fluctuations.

Start of the Selling Phase

About 30 minutes prior, the whale deposited 24,452 ETH (worth approximately $50.05M) to Binance and still holds 56,528 ETH (valued at around $115.3M).

Historical Transaction Review

Looking back, since June 22, 2025, the whale withdrew a total of 116,000 ETH from Binance at an average price of about $3,138 per ETH, and sold part of its holdings at higher prices. By January, it still held 80,979 ETH, generating a floating profit of $47.5 million.

Impact of Market Volatility

This significant drop in ETH price directly caused the whale's position to shift from profit to loss, with a total swing of $104.8 million in unrealized gains to losses.