Blockchain monitoring shows the whale quickly re-entered the market, now holding over $100 million in ETH despite closing a major position at a significant loss.
According to blockchain analytics platform Ember, on Aug. 18 an Ethereum whale closed a long position, incurring a $6.59 million loss. The trader subsequently reopened long positions and now holds 23,373 ETH valued at approximately $100 million. The quick re-entry follows the closure of a large prior position at a loss, highlighting the whale’s continued high-risk exposure in the Ethereum market.