📉 THE TRAGEDY OF THE WHALE $ETH DESPITE CUTTING LOSSES OF OVER 20 MILLION USD, MUST CONTINUE TO DUMP 5.7 MILLION USD ON FALCONX

The selling pressure on ETH has not yet stopped as big players continuously make moves to offload despite losses.

The latest data shows that a whale has just executed a drastic sell-off, accepting to leave the market with a colossal loss.

🔷 According to records from Onchain, this whale has just made a large money transfer:

- Quantity: 2,676 ETH.

- Value: Equivalent to $5.69 Million USD.

- This amount has been transferred to FalconX. The action of transferring here often means selling off to obtain cash liquidity.

🔶 The most shocking thing is not the amount sold, but the investment effectiveness of this wallet.

- Data shows that the total amount of losses of this whale has now exceeded 20 Million USD.

- The continuous selling at the current low price indicates that this is an act of Surrender to preserve the remaining capital, rather than continuing to bear losses.

🔷 After this latest money transfer, the position of the whale has significantly decreased. Currently, the wallet only has:

- Balance: 854 ETH.

- Remaining value: Approximately $1.82 Million USD.

Compared to the scale of previous transactions, this balance shows that the whale has liquidated most of its assets.

This article is for reference only and is not investment advice. Please read and consider carefully before making a decision.