PANews reported on March 13 that, according to @ai_9684xtpa's monitoring, the Ethereum whale 0xD2E...eCa41 cleared its position of 6,401 ETH (about $12.23 million) that was built in December 2023, with a cumulative loss of $1.974 million.
The cost basis of this whale was $2,219, and the average selling price was $1,910, resulting in a 14% loss over a 15-month holding period. Although the whale earned income from staking in various ETH LRT (Liquid Staking Derivatives) protocols during this period, it was not enough to offset the loss of asset value.
