ETH Whale Loses 820 ETH (~$3.4M) After Panic Sell at $3,764 and Rebuying 7,817 ETH at $4,159

COINOTAG News on October 13, citing EmberCN on-chain monitoring, reports that a whale panic-sold ETH at $3,764 then executed a buy-high, sell-low sequence that lifted the market before re-entering near $4,159. On-chain records show the entity repurchased 7,817 ETH using about 32.511 million DAI, and the net effect on the wallet reflects an estimated shortfall of 820 ETH (roughly $3.4 million). The episode underscores execution risk and the price impact of concentrated flows, providing a concrete example of how large-market participants can materially affect short-term liquidity and realized losses.

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