$ETH Whale Capitulates with $16M Loss

Three hours ago, a major Ethereum whale finally folded under pressure—selling 7,000 ETH for $16.88 million, locking in a substantial loss.

Here’s the full picture:

Accumulation Phase:

Between Dec 5, 2024 and Jan 13, 2025, the whale withdrew 13,479 ETH (worth $48.82M) from Binance at an average price of $3,622.

Capitulation:

Sold 7,000 ETH at lower market prices, realizing a steep loss as ETH currently trades around $2,411.

Remaining Bag:

Still holds 6,479 ETH (~$15.66M)

→ Total Unrealized + Realized Loss: ~$16.28M

Wallet address:

0x148990D87C467Ab1E9fF3435D7E4Ac0909e640c8

A painful reminder that even the largest players can mistime the market.