Whale liquidation

Bitforex

2026-07-08 19:04:13

Bitforex Founder Garrett Jin Deposits $1.35B in ETH to Binance, Halving His Position

Garrett Jin, founder of defunct exchange Bitforex, deposited all 577,896 ETH ($1.35B) into Binance over four days. The position, opened 8 months ago at $4,591 per ETH, is now down ~49%.

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FG Nexus

2026-07-01 00:44:42

Ethereum Treasury Firm FG Nexus Liquidates Entire ETH Position with $86.6M Loss

According to Lookonchain monitoring, Ethereum treasury company FG Nexus completed its full ETH liquidation by depositing 9,481 ETH ($14.89M) to Galaxy Digital. The company accumulated 50,770 ETH at an average price of $3,860 (total $196M) between August and September 2025, then began selling from November 2025 onward. It sold 51,145 ETH at an average of $2,138, generating $109.4M in proceeds and incurring a total loss of $86.6M (~44.6% loss rate). This case highlights the risks of poor treasury timing and forced selling in a downturn.

2000

ETH

2026-06-06 01:00:50

ETH Drops to $1,540, Triggering $33.7M Whale Liquidation

On June 6, ETH plunged to $1,540, hitting a whale’s liquidation threshold at $1,565 and forcing the liquidation of 21,540 ETH worth roughly $33.7 million. The remaining position still carries significant risk.

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