Whale Sells Off Large ETH Holdings at a Loss

According to EmberCN, a whale who accumulated 30,654 ETH worth $88.43 million at an average price of $2,885 through cyclical loans has almost completely liquidated their holdings since September 7. The whale sold 28,564 ETH at an average price of $2,272, incurring a significant loss of $17.51 million. The whale had been accumulating ETH since December of last year until July of this year.