Whale moves 6,595 ETH to Coinbase at a $2.44M loss
- —6,595.2 ETH worth about $17.57 million sent to Coinbase
- —6,500 ETH acquired in June–August 2025 at an average of $3,040.4
- —Realized loss if sold would be $2.44 million
- —Position's peak unrealized drawdown topped $9.56 million
Why it matters: A major holder capitulating at a loss could add selling pressure on ETH at current levels.
Source: PANews