A wallet sold 1,862.3 ETH for about $3.58 million after holding the position for five months, locking in a $1.42 million loss, or 28%. The sale was executed at an average price of $1,923 per ETH around 10 hours before the report after the address had bought the same amount in January at an average price of $2,685 during an Ethereum price decline, according to CoinNess, which cited on-chain analytics account Lookonchain. CoinMarketCap data showed ETH recently trading at $1,933.09, up 1.07%. The trade highlights how investors who buy into a sharp market decline can still end up exiting below cost basis if prices fail to recover over their holding period.