According to Lookonchain, two wallets, likely tied to the same whale, sold 3,690 ETH worth about 15.6 million dollars that they had purchased the day before amid the latest price drop, based on on-chain transaction traces. Source: Lookonchain on X, Sep 4, 2025. The addresses realized a loss of approximately 944,000 dollars on the quick round-trip trades, signaling reactive selling captured via wallet-level data. Source: Lookonchain on X, Sep 4, 2025.

According to @rovercrc, a whale sold 38,582 ETH at $3,548 and later bought back at $4,010, highlighting a large round-trip at higher prices (source: @rovercrc on X). Based on those reported figures, the sale was roughly $136.89 million notional and the buyback about $154.71 million, a $462 per-ETH gap equating to approximately $17.82 million if the same 38,582 ETH size was repurchased (calculation using the prices and size reported by @rovercrc on X).