Whale Sells 2313 ETH at $2391 Amid Sharp Market Drop, Losing $326K

COINOTAG News reports a significant on-chain event involving a major Ethereum holder. An institutional whale, identified by blockchain analyst Ai Auntie (@ai_9684xtpa), liquidated a substantial ETH position amid today’s market volatility, realizing a loss of approximately $326,000. This investor initially acquired 2,313 ETH on May 19th at an average price of $2,532.87 per ETH, investing a total of $5.85 million. Despite reaching a peak unrealized gain near $800,000, the recent sharp price correction compelled a forced exit at around $2,391 per ETH. This transaction underscores the heightened sensitivity of large holders to short-term price fluctuations and highlights the ongoing market risks within the Ethereum ecosystem. Monitoring such whale activity remains crucial for understanding liquidity dynamics and potential price impacts in the crypto market.