
Trading records show Ethereum whale 0x3c9E making high-volume moves, repeatedly buying ETH at higher prices and selling at lower prices, worsening both realized and unrealized losses.
An Ethereum whale, identified as address 0x3c9E, previously deposited 1,999 ETH worth $5.93 million at $2,965, facing a potential $1.815 million realized loss while still holding 3,803 ETH with an unrealized $3.457 million loss. Lookonchain data shows that over the past three days, the whale sold 5,500 ETH for $2,912 each, totaling $16.02 million. Just five days earlier, the address bought 2,000 ETH at $2,984 each, worth $5.97 million, continuing a high-buy, low-sell trading pattern that compounds losses.