$ETH Whale Capitulates with $16M Loss Three hours ago, a maj
EyeOnChain
Updated at: 4 hours ago
{"content":"$ETH Whale Capitulates with $16M Loss
Three hours ago, a major Ethereum whale finally folded under pressure—selling 7,000 ETH for $16.88 million, locking in a substantial loss.
Here’s the full picture:
Accumulation Phase:
Between Dec 5, 2024 and Jan 13, 2025, the whale withdrew 13,479 ETH (worth $48.82M) from Binance at an average price of $3,622.
Capitulation:
Sold 7,000 ETH at lower market prices, realizing a steep loss as ETH currently trades around $2,411.
Remaining Bag:
Still holds 6,479 ETH (~$15.66M)
→ Total Unrealized + Realized Loss: ~$16.28M
Wallet address:
0x148990D87C467Ab1E9fF3435D7E4Ac0909e640c8
A painful reminder that even the largest players can mistime the market.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/19/756dcb6b8e0741da8ef6f5ad8da4ee02.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}