Ethereum Whale Sells 24,029 ETH for $78 Million Ahead of Price Drop, Incurring $3.27 Million Loss

In a notable development within the Ethereum market, a significant whale transaction took place on January 13th, as reported by COINOTAG News. Monitoring conducted by LookIntoChain reveals that this whale liquidated a substantial position of 24,029 ETH, valued around $78 million, just before the price dipped below the crucial $3,000 threshold. The average selling price was recorded at $3,248, resulting in a realized loss of $3.27 million. Notably, this transaction follows the whale’s strategic move of transferring the same amount of ETH from Binance to ten new wallets approximately three weeks prior. Such movements amongst large holders often indicate shifting market sentiments and can lead to potential liquidity fluctuations in the Ethereum ecosystem.