Ethereum Whale Suspected of Cutting Losses on 7,347 ETH, Down About $4.04 Million

Ethereum Whale Suspected of Cutting Losses on 7,347 ETH, Down About $4.04 Million

N
News Editor
2026-07-07 01:57:59
On-chain analyst @ai_9684xtpa reported that a whale address which accumulated 22,567 ETH between November 2025 and July 2026 appears to have sold 7,347 ETH at a loss of roughly $4.041 million. The address reportedly built its position at an average cost of $2,338 per ETH, implying a total entry value of about $52.77 million. Since April 2026, the wallet has gradually deposited 8,947 ETH to FalconX, with the latest transfer occurring around seven hours before the report. If all of the ETH sent to FalconX has already been sold, the whale’s cumulative realized loss could widen to approximately $4.196 million. The assessment is based on on-chain flows and inferred exchange-related activity, and the wallet owner has not publicly confirmed the intent behind the transfers.
whaleethereumETHon-chain dataFalconXlossexchange deposits

According to on-chain tracker @ai_9684xtpa, a whale wallet that accumulated 22,567 ETH between November 2025 and July 2026 appears to have cut losses on 7,347 ETH, with an estimated realized loss of about $4.041 million.

The monitored address reportedly built its ETH position at an average entry price of $2,338, putting the total cost basis at roughly $52.77 million. Since April 2026, the wallet has been sending ETH to FalconX in multiple batches, with total deposits reaching 8,947 ETH. The most recent transfer was recorded around seven hours before the monitoring update.

If all 8,947 ETH transferred to FalconX has already been sold, the whale’s cumulative loss would rise to about $4.196 million. For now, the figures are based on on-chain activity and inferred selling behavior, and there has been no public confirmation from the wallet owner regarding the purpose of the transfers.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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