An ETH whale with a 59% unrealized loss after holding for four years deposited all 9,389 ETH into Coinbase Prime

TechFlow news, July 14, according to monitoring by on-chain analysis platform Lookonchain (@lookonchain), whale address 0xFe99 received 9,389 $ETH at an average price of $4,311 four years ago, with a total value of approximately $40.47 million. As the current price of ETH fell to $1,777, the market value of this holding has shrunk to approximately $16.69 million, with an unrealized loss of approximately $23.8 million (-59%). The whale deposited all 9,389 ETH into Coinbase Prime 10 hours ago, suspected to be starting to cut losses and exit.