Whale Sends 6,595.2 ETH to Coinbase After About a Year, With Estimated Loss of $2.443 Million

Whale Sends 6,595.2 ETH to Coinbase After About a Year, With Estimated Loss of $2.443 Million

N
News Editor
2026-10-03 00:59:45
On-chain analyst Ai Yi said a whale address deposited 6,595.2 ETH to Coinbase about three hours ago, with the transfer valued at roughly $17.57 million. Of that amount, 6,500 ETH had been withdrawn from exchanges between June and August 2025 at an average price of $3,040.4. During the holding period, the position at one point showed an unrealized loss of more than $9.557 million. After holding ETH for about a year, the whale now appears to have exited at a loss. The estimated realized loss stands at $2.443 million, with the asset value down 12.3%, according to the monitoring cited by Odaily.

Odaily reported that, according to monitoring by on-chain analyst Ai Yi, a whale address deposited 6,595.2 ETH to Coinbase about three hours ago, a transfer worth roughly $17.57 million.

Of that total, 6,500 ETH had been withdrawn from exchanges between June and August 2025 at an average price of $3,040.4. The position at one point showed an unrealized loss of more than $9.557 million during the holding period. After holding ETH for about a year, the whale appears to have exited the position at a loss, with an estimated loss of $2.443 million and a 12.3% decline in asset value.

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