A prominent Ethereum holder has completed the liquidation of their holdings, selling a total of 658,168.58 ETH over eight days, valued at approximately $1.354 billion. The average purchase price was around $3,104.36 per ETH, while the selling price was $2,058.05, resulting in a total loss of $688 million. This liquidation also reversed previous profits of $315 million, leading to a net loss of $373 million. Interestingly, despite the massive sell-off, Ethereum's price stabilized above $2,000 from the afternoon of February 6.
Major Ethereum Holder Liquidates 658,168 ETH, Incurs $688 Million Loss
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