Whale Transfers 8,329 ETH After Four Months, Suffers $19.69M Unrealized Loss

According to monitoring data released by Onchain Lens on February 4, a whale holding 8,329 ETH transferred the entire amount to Galaxy Digital after holding it for four months. Based on current market prices, this position carries an unrealized loss of $19.69 million, with a total value of approximately $18.59 million.

Whale Transaction Overview

The whale’s initial activity traces back to a major withdrawal from OKX, where it pulled out 11,860 ETH valued at $46.26 million at the time. Despite the large-scale movement, this address still retains 3,530 ETH, worth around $8 million at current valuations.

Market Context Insights

• Increased ETH volatility raises holding risks
• The whale’s move may reflect broader institutional strategy shifts
• On-chain data shows rising frequency of large transfers recently