According to information shared by the on-chain data analysis platform Lookonchain on Wednesday (28th), multiple whale are selling Ethereum (ETH). A whale whose address starts with "0x4133" is suspected of directly converting 4591.8 stETH (representing the ETH pledged in the liquid staking protocol Lido) into 4,589.5 ETH in order to save the long withdrawal time, resulting in a loss of 2.3 ETH (worth approximately US$6,000). . Subsequently, the whale deposited 5,145 ETH (worth $13.3 million) into the Binance exchange address for possible selling.
Shortly before Lookonchain shared this information, the platform also discovered that a whale was selling 19,000 Ethereum coins (worth $49.17 million). The whale whose address starts with "0x13D5" requested the withdrawal of 30,007 stETH (valued at US$78.67 million) 4 days ago, and received 19,000 ETH (valued at US$49.17 million) released from Lido last night, and then distributed a large amount of ETH in batches Deposit to Coinbase exchange. According to X user Ai Ai, the whale address may be held by the cryptocurrency market maker Wintermute.
In addition, on-chain data analyst Yu Jin also posted that a whale with an address starting with "0x75Ba" bought a total of 8,825 Ethereum coins (worth approximately 27.95 million U.S. dollars), but it transferred these Ethereum coins to the Binance address on Monday night. If it was transferred for sale, then this whale may leave the market at a price of 2719, realizing 3.96 million U.S. dollars (14% ) losses.
Ember added that because the whale was bought in batches during the decline before the market crashed on August 5, and missed the plunge at that time, it should not have suffered a loss, and might even have made a profit.
