A major cryptocurrency holder sent a large amount of ETH to the exchange before incurring losses

zkProofInThePudding · 2026-01-30T21:06:04+00:00

A significant player in the cryptocurrency market transferred 1,999 ETH worth approximately $5.36 million to an exchange, likely to minimize losses. The whale had initially purchased 6,411 ETH last year. Despite the losses, they still hold 3,803 ETH, indicating long-term confidence in Ethereum's potential. Such moves often signal changes in market sentiment and increased volatility.

zkProofInThePudding

2026-01-30 21:06:04

Abstract generation in progress

A major crypto market whale initiated a mass withdrawal of tokens to an exchange platform. According to the analytics platform NS3.AI, the holder transferred 1,999 ETH, which at the current rate amounts to approximately $5.36 million. This transaction occurred amid a potential loss of the position.

Background of the whale’s position and current losses

According to on-chain data, this whale purchased 6,411 ETH last year at a price of about $3,873 per unit. The current movement of tokens to the exchange indicates a desire to minimize losses. Selling the remaining assets at market prices could result in a total loss of over $1.8 million. However, the holder is not in a hurry to part with all assets – there are 3,803 ETH remaining in their wallet.

Signals from major players and ETH market dynamics

The remaining amount of tokens held by the whale indicates long-term confidence in Ethereum’s prospects, despite current losses. Such movements by large holders always attract the attention of analysts, as they signal possible changes in market sentiment. Large inflows to the exchange often precede phases of increased volatility.

ETH-1.61%

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