Whale Massive Sell-Off: ETH and SOL Positions Dumped
According to monitoring by on-chain data analyst Yujin, on February 5, a whale address completed a full liquidation of ETH and SOL holdings within 4 hours.
This sell-off unfolded over 4 days, with the whale unloading 96,585 ETH worth around $214 million and 334,000 SOL valued at approximately $31.5 million, resulting in total losses of $141 million.
Position Details and Loss Analysis
The ETH position was initially acquired in July last year at an average price of $3,363, but sold off this week at an average of $2,222, creating $110 million in losses.
The SOL holdings, purchased in October last year at $186 average price, were sold at $94 this week, generating $30.78 million in losses.
Post-Liquidation Financial Status
After completing the liquidation and repaying all borrowings, the address now only retains $58.34 million in USDC, marking the end of this massive loss-cutting operation.