Ethereum Whale Realizes $23.8M Loss After Holding 9,389 ETH for Four Years

ETH5.59%

According to Lookonchain, whale 0xFe99 held 9,389 ETH purchased at $4,311 four years ago without selling, realizing a $23.8 million loss (-59%) as ETH trades near $1,780. The wallet received the tokens worth $40.47 million near late 2021 peak; today's stash is worth just $16.69 million.

Meanwhile, newly created wallet 0xf31d withdrew 8,239 ETH worth $14.5 million from exchanges, while whale 0x363A accumulated 11,843 ETH ($20.8M) in three hours. Combined, the two wallets absorbed roughly $35.3 million in ETH as the asset remains down 32% year-to-date.

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