Recent transactions reveal significant volatility in the Ethereum market, with whales facing substantial losses despite ongoing trading activity.
An on-chain analyst reports that a whale who bought ETH at $3,571 last November transferred 950 ETH to Binance, incurring a potential loss of $1.09 million. Another whale profited from a 960 ETH transfer to Binance, earning $496,000 after holding for three months. The remaining 1,867 ETH at the first address still has a floating loss of $2.08 million, indicating ongoing volatility in the Ethereum market.