Whale sells ETH after 4 years for estimated $23.8M loss

A whale who purchased 9,389 ETH four years ago for $40.47 million appears to have sold the entire holding at a loss, Lookonchain reported. The investor originally bought the tokens at an average price of $4,311. About 10 hours ago, the whale's address deposited all 9,389 ETH, now valued at $16.69 million, into Coinbase Prime. The estimated loss on the sale is $23.8 million.