Whale Loses $23.8M Holding 9,389 ETH From $4,311 Peak for Four Years

Whale wallet 0xFe99 held 9,389 ETH for about four years, suffering a paper loss of $23.8 million (59%), according to onchain data tracked by Lookonchain. The wallet received the ETH at $4,311 when the asset was near its late-2021 record run and has not sold since, with the holdings now worth $16.69 million at ETH's recent price of $1,777. The holder appears to be capitulating after riding the position through an entire market cycle. ETH is trading near $1,780, down roughly 32% year to date, having recently lost the $2,000 level that bulls defended for weeks.

Whale 0xFe99 Holds 9,389 ETH Through Four-Year Decline

Wallet 0xFe99 received 9,389 ETH worth $40.47 million about four years ago when ether changed hands at $4,311. With ether recently at $1,777, the stash is now worth $16.69 million. Lookonchain wrote that the whale held ETH for four years, suffering a loss of $23.8 million (59%), suggesting the holder may be capitulating after riding the position through an entire market cycle. Investors who bought at the 2021 peak have watched the asset halve, recover through 2024 and 2025, and then surrender most of those gains in this year's slide. One whale offloaded $136 million in ETH and staked derivatives earlier this month.

Two Wallets Accumulate 20,082 ETH Amid Price Decline

A newly created wallet, 0xf31d, withdrew 8,239 ETH worth $14.5 million from multiple exchanges over 12 hours. Another whale, 0x363A, accumulated 11,843 ETH worth $20.8 million in three hours. Combined, the two wallets absorbed roughly 20,082 ETH, about $35.3 million at current prices.

ETH Trades Near $1,780 After Losing $2,000 Level

ETH is changing hands near $1,780, down roughly 32% year to date. The asset recently lost the $2,000 level that bulls defended for weeks.

FAQ

What loss did whale 0xFe99 suffer on its ETH holdings? Whale 0xFe99 suffered a paper loss of $23.8 million (59%) on 9,389 ETH received at $4,311 about four years ago, now worth $16.69 million at $1,777.

How much ETH did new wallets accumulate recently? Wallet 0xf31d withdrew 8,239 ETH ($14.5 million) over 12 hours, and whale 0x363A bought 11,843 ETH ($20.8 million) in three hours, totaling 20,082 ETH ($35.3 million).

What is ETH's current price performance in 2026? ETH is trading near $1,780, down roughly 32% year to date, after recently losing the $2,000 level.