Ethereum Whale Capitulates After 3 Years, Losses Top $19 Million

An Ethereum whale who bought in during 2022 and 2023 capitulated on August 8, selling at a loss exceeding $19 million. On the same day, a separate fresh wallet received $87.28 million in Bitcoin from Galaxy Digital. Onchain sleuths flagged the exit, tracking a wallet that had held its Ethereum position.