Ethereum Whale Sells 5,570 ETH for $19.56M, Incurring $2.15M Loss
On-chain data shows a major Ethereum holder liquidated over 31,000 ETH within hours, marking a sharp reversal from recent multi-million-dollar purchases and realizing steep short-term losses.
ETH
Summary
An unidentified whale sold 31,005 ETH worth $92.19 million around six hours ago, realizing an $18.8 million loss in just two weeks. Between Nov. 3–10, the address acquired 30,838 ETH at $3,581 each for a total of $110.43 million. This large-scale sale demonstrates the potential impact of whale activities on Ethereum’s market liquidity and short-term price volatility.
Terms & Concepts
- ETH: The native cryptocurrency of the Ethereum blockchain, used to power transactions and decentralized applications.
- Whale (crypto): An individual or entity that holds a large amount of a specific cryptocurrency, potentially impacting market prices with their trades.