Likely Single Whale Panic-Sells 3,690 ETH Bought Yesterday, Incurs $944K Loss Amid ETH Price Drop

COINOTAG News reported on September 4 that, per LookIntoChain monitoring, two wallets — potentially linked — executed an expedited disposal of 3,690 ETH, which they had acquired the previous day for approximately $15.6 million, amid a decline in the ETH price. The on‑chain trace indicates the assets were panic sold, consistent with a rapid exit rather than staged liquidation.

On‑chain analysis attributes a realized loss of roughly $944,000 to these transactions. Although the whale identity remains unverified, concentrated disposals of this magnitude can increase near‑term selling pressure and affect liquidity; market participants should integrate this data point into their broader risk‑management and trading models.