Whale Liquidates 4000 ETH for $11 Million Amid 16% Price Drop: Insights on Ethereum’s Volatility

On February 4th, COINOTAG News reported a significant transaction involving the prominent whale wallet “0x5Fe…EF07C,” which divested approximately 4,000 ETH valued at around $11.01 million. This liquidation occurred just two hours prior and resulted in an estimated loss of $2.084 million. The whale recorded its purchase of Ethereum (ETH) at an average acquisition price of $3,273 about two weeks earlier. However, upon transferring the asset to a Centralized Exchange (CEX), the value had declined to $2,752, illustrating a substantial depreciation of nearly 16% during this timeframe.