Whale Loses $12.57M in Less Than 50 Days Amid Ethereum Market Crash

According to @lookonchain, a whale investor experienced a significant loss of $12.57 million within a span of less than 50 days. The whale accumulated 14,384 ETH worth $47.34 million from June 22 to August 4, withdrawing them from Binance at a price of $3,291 per ETH. Following a market crash, the whale capitulated and redeposited all their ETH back into Binance at a much lower price of $2,417 per ETH.