According to monitoring data from on-chain analyst Ai Auntie (@ai_9684xtpa), a whale address (0x282...515A) recently conducted a significant ETH transfer operation. Within the past 15 hours, the address transferred 18,100.2 ETH to OKX, with a total value reaching $41.99 million. However, due to the high cost basis of its ETH holdings, selling at the current price would result in a loss of approximately $14.48 million.
Continuous Selling by the Whale Leads to Major Losses
Since January 20, the whale has repeatedly deposited and sold ETH on exchanges, with a cumulative total of 51,780 ETH sold, valued at $133 million. On-chain data analysis indicates that its average purchase price was around $2,577, leading to an estimated cumulative loss of $28.11 million.
- Single Deposit: 18,100.2 ETH (worth $41.99 million)
- Potential Loss: $14.48 million
- Total Sales: 51,780 ETH (worth $133 million)
- Average Purchase Price: $2,577
- Estimated Total Loss: $28.11 million
Significant Reduction in On-chain Balance
After several large withdrawals and sell-offs, the whale's on-chain balance has dropped significantly, with only 1,128 ETH remaining at the address. This series of actions has drawn market attention to its future moves and the potential impact on ETH price dynamics.