{"id":2578,"date":"2026-07-14T12:06:29","date_gmt":"2026-07-14T12:06:29","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2578"},"modified":"2026-07-14T12:06:29","modified_gmt":"2026-07-14T12:06:29","slug":"this-whale-bought-4311-worth-of-eth-and-was-never-sold-it-cost-him-23-8-million","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2578","title":{"rendered":"This whale bought $4,311 worth of ETH and was never sold. It cost him $23.8 million"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"@container mb-(25px) rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-(6px) !bg-success-10 p-3 @(420px):p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-(19px) !text-(#1c1c1c) md:text-(20px)\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key conclusions<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The 9,389 ETH Whale 0xFe99 received at $4,311 is worth $16.69 million today, a 59% paper loss.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">New wallet 0xf31d withdrew 8,239 ETH ($14.5 million) while whale 0x363A bought 11,843 ETH ($20.8 million) in 3 hours.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ETH is trading around $1,780, down about 32% this year.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A four-year round trip to Deep Red<\/h2>\n<p>Wallet tagged 0xFe99 got 9389 <span>ETH<\/span> was worth $40.47 million about four years ago, when Ether changed hands at $4,311 (near the asset&#8217;s record high at the end of 2021). Since then it has not been sold. While Ether was recently worth $1,777, the stash is now worth just $16.69 million.<\/p>\n<p>&#8220;This <span>a whale<\/span> is conducted <span>ETH<\/span> over 4 years, suffering losses of 23.8M (-59%),\u201d Lookonchain wrote, suggesting that the holder may have finally capitulated after riding the position through the entire market cycle.<\/p>\n<figure id=\"attachment_831008\" aria-describedby=\"caption-attachment-831008\" style=\"width:1658px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-831008\" title=\"This whale bought $4,311 worth of ETH and was never sold. It cost him $23.8 million\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk.jpg\" alt=\"This whale bought $4,311 worth of ETH and was never sold. It cost him $23.8 million\" width=\"1658\" height=\"478\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk-300x86.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk-1024x295.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk-768x221.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk-1536x443.jpg 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million_nwmk.jpg 1658w\" sizes=\"auto, (max-width: 1658px) 100vw, 1658px\"\/><figcaption id=\"caption-attachment-831008\" class=\"wp-caption-text\">Onchain data display <span>a whale<\/span> 0xFe99 are recent <span>ETH<\/span> unloading, for Arkham.<\/figcaption><\/figure>\n<p>Investors who bought at the 2021 peak have now watched the asset halve, recover in 2024 and 2025, then give up most of those gains this year. As a consequence, many OGs shrunk, with one <span>a whale<\/span><a href=\"https:\/\/news.bitcoin.com\/ethereum-og-sells-55000-eth-136-million-2026\/\">    offload $136 million<\/a> Art <span>ETH<\/span> and bets placed earlier this month.<\/p>\n<h2>Buyers step in when the price falls<\/h2>\n<p>While all of the above sales were happening, newly created wallet 0xf31d withdrew 8239 <span>ETH<\/span> worth $14.5 million from multiple exchanges within 12 hours. At the same time, another <span>a whale<\/span>0x363A, 11,843 accumulated <span>ETH<\/span> to the tune of $20.8 million in just three hours.<\/p>\n<p>Combined, the two wallets absorbed approximately 20,082 <span>ETH<\/span>about 35.3 million dollars in current prices. While the big withdrawals from <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a> can be considered as <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cattle<\/a> signals, they do not automatically guarantee any bottom.<\/p>\n<figure id=\"attachment_831010\" aria-describedby=\"caption-attachment-831010\" style=\"width:1028px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-831010\" title=\"This whale bought $4,311 worth of ETH and was never sold. It cost him $23.8 million\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk.jpg\" alt=\"This whale bought $4,311 worth of ETH and was never sold. It cost him $23.8 million\" width=\"1028\" height=\"406\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-300x118.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-1024x404.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-768x303.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk.jpg 1028w\" sizes=\"auto, (max-width: 1028px) 100vw, 1028px\"\/><figcaption id=\"caption-attachment-831010\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>how are things going <a href=\"https:\/\/branch.wallet.bitcoin.com\/news-contextual-eth\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">ETH<\/a> changes hands around $1,780, roughly down <a href=\"https:\/\/news.bitcoin.com\/2k-showdown-ethereum-loses-32-in-2026-while-btc-holds-relative-ground\/\">32% since the beginning of the year<\/a> even as <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> held a relative position. The asset recently lost the psychologically important $2,000 level, which the bulls have defended for weeks, and this marker alone could further lower the token in the near to medium term.<\/p>\n<p>Moreover, a reversal may depend on whether the exchange&#8217;s outflows persist and ether can regain its $2,000 threshold, especially since a prolonged failure to do so will keep the pressure on the remaining long-term holders still deep underwater. Interesting times ahead, to say the least!<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key conclusions The 9,389 ETH Whale 0xFe99 received at $4,311 is worth $16.69 million today, a 59% paper loss. New wallet 0xf31d withdrew 8,239 ETH ($14.5 million) while whale 0x363A bought 11,843 ETH ($20.8 million) in 3 hours. ETH is trading around $1,780, down about 32% this year. A four-year round trip to Deep Red &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[494],"class_list":["post-2578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum-eth"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2578"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2579"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}