Whale Sells 96,500 ETH and 334,600 SOL to Repay Loans, Suffers $142M Loss in Six Months

According to the latest data from blockchain monitoring platform lookonchain, on February 5, a major investor sold 96,584 ETH at an average price of $2,210 over the past four days to repay debt, raising approximately $213.45 million.

At the same time, the whale also offloaded 334,634 SOL at $93 per coin, generating about $31.19 million.

Massive Loss Sparks Market Discussion

What's particularly notable is that this investor has accumulated losses of up to $142 million in just six months, sparking significant market discussion.

• ETH sold: 96,584 tokens
• Average selling price: $2,210
• SOL sold: 334,634 tokens
• Average selling price: $93

This large-scale selling highlights the financial pressures some whales might be facing in the current market environment.