According to Lookonchain, a significant Ethereum holder, or 'whale,' sold approximately 28,554 ETH (valued at $64.4 million) following the price crash on September 7. The sale was made to pay off all debts on the Aave platform, resulting in a loss exceeding $17 million. This whale had accumulated around 30,500 ETH at an average price of $2,850 between December 18, 2023, and July 31, 2024.