Whale Transfers 2,676 ETH to FalconX Amid Over $20M Losses

Crypto Whale Continues ETH Liquidation

Monitoring data shows a major crypto whale recently moved 2,676 ETH, worth approximately $5.7 million, to an exchange. The whale now holds only 854 ETH, valued at around $1.8 million.

Losses Exceed $20 Million Milestone

This latest transaction signals ongoing portfolio liquidation by the whale, whose total losses have surpassed $20 million. Analysts are closely watching the situation amid concerns about potential market impact.