Whale Sells 5,094 ETH, Incurring $40 Million Loss Amid Market Decline

On April 9th, in a noteworthy development reported by COINOTAG News, whales have again made headlines as they offloaded a significant volume of ETH. Monitoring from EmberCN indicates that a major player in the market liquidated 5,094 ETH, resulting in a staggering loss of approximately $40 million. This follows a prior incident on March 11th, where the same entity sold off 25,800 ETH to mitigate risks amidst rising volatility, incurring a loss of about $31.75 million. With Ethereum facing continued pressure, the recent sale was executed at a price point of $1,471, facilitating the conversion to 7.49 million USDT aimed at repayment obligations. This strategic divestment effectively lowered the liquidation price to $1,246. The whale had previously acquired its ETH at an average price of $3,084 back in July 2024 and currently retains approximately 30,000 ETH on the lending platform Aave.