According to @EmberCN, ETH whale address 0xa339 used loop lending to lever long and in April sold 30,894 ETH at a $40 million loss to avoid liquidation during an ETH drawdown, source: @EmberCN on X dated Dec 16, 2025. According to @EmberCN, after price stabilization the wallet repurchased 19,973 ETH at $1,740, resulting in a 50,000 ETH position with a $2,545 average cost, source: @EmberCN. According to @EmberCN, four hours before the post the whale sold 10,000 ETH at $2,915 after holding for about eight months, source: @EmberCN. Based on figures shared by @EmberCN, the 10,000 ETH sale represents roughly $29.15 million notional and implies about $370 per ETH realized gain or roughly $3.7 million on that tranche versus the stated $2,545 average, with approximately 40,000 ETH still held at that basis, source: @EmberCN. For traders, this on-chain sale reflects a partial position reduction by a leveraged ETH whale and near-term supply of 10,000 ETH hitting the market, source: @EmberCN.