Ethereum Whale Suspected of Massive Sell-Off, Loses Over $1.39 Million

Whale Activity Sparks Market Turbulence

According to on-chain analysts, a suspected Ethereum whale sold approximately 14,745 ETH over the past 21 hours, potentially losing around $1.39 million. Since February 6, the whale had been accumulating ETH, withdrawing 26,727.98 ETH worth approximately $54.64 million from exchanges over six days, at an average price of $2,044.39.

Sell-Off Details Revealed

In the early hours today, the address deposited ETH worth $28.75 million into an exchange, at an average price of $1,949.82, sparking market speculation about its losses.