COINOTAG News reported on September 15 that on-chain monitoring by LookIntoChain identified a significant whale dump by Whale 0x172b, which sold 5171 ETH at approximately $4,601 per token in the past hour, realizing about $23.79 million in proceeds and recording a loss of $206,000. The address had acquired these Ethereum (ETH) holdings two days earlier at an average price near $4,641.
From a market-structure perspective, this execution represents a sizable single-wallet deleveraging event that materially increased sell-side supply in the order book; the trade was executed at prevailing market prices and therefore reflects realized P&L for that wallet. While notable for liquidity monitoring and short-term crypto market analytics, this discrete on-chain transaction alone does not constitute a confirmed directional signal for broader market trends.