Ethereum Whale Sells 2000 ETH Amid Market Uptrend Despite Holding Losses

COINOTAG News reports that a significant Ethereum whale, identified by on-chain analyst Ai Auntie (@ai_9684xtpa), has recently adjusted their holdings. Since June 10th, this investor accumulated a total of 4026.47 ETH, but executed a partial sale of 2000 ETH approximately four hours ago, generating proceeds valued at $4.87 million. This transaction notably aligned with the commencement of this morning’s upward market movement, suggesting strategic timing.

The whale’s average acquisition cost stands at $2598 per ETH. Despite the sale, the trader is facing a realized loss of around $324,000. Furthermore, the remaining 2026 ETH holdings are currently underwater by approximately $178,000. This data underscores the volatility and risk management challenges within large-scale crypto portfolios.