Anonymous whale cuts losses on 5,000 ETH after about two years, with $5.63M loss likely

An anonymous whale address beginning with 0x03403 deposited 5,000 ETH worth $9.42 million to Binance, EmberCN said on X. The address withdrew 9,891 ETH from Binance in 2024 at an average price of $3,011, and the holding period is estimated at about two years. If the latest deposit was sold, the loss is estimated at $5.63 million.