Whale Ethereum lost over 100 million USD as the price fell by double digits.

According to a report by Lookonchain, a whale has seen a large amount of their Ethereum, with 67,570 ETH worth approximately 106 million USD, liquidated on Maker after a sharp drop of over 10% on Sunday night, causing ETH to plummet from over $1,800 to below $1,500 at the current time.

Source: LookonchainThe crypto market has faced new selling pressure after showing signs of recovery on Friday amid a red-hot U.S. stock market. The pessimistic sentiment due to President Trump’s heavy tariffs has caused Bitcoin to drop to around $75,000.

The decline is not limited to Bitcoin and Ethereum, with the total crypto market capitalization evaporating by more than 10% to 2.38 trillion USD.

Source: CoinmarketcapIn the past 24 hours, XRP has dropped 21% to $1.66, while BNB plunged nearly 10% to $534. Solana, Dogecoin, and Cardano have all decreased by about 19%. TRON shows a relatively smaller loss of 5%.

Due to this decline, the ETH/BTC trading pair returned to 0.019 on April 7, marking the lowest level since January 2020.

In a separate report, Lookonchain revealed that another investor panicked and sold 14,014 ETH, worth about 22 million USD.

Source: LookonchainDespite the current market chaos, some whales are viewing this dip as an opportunity to accumulate more ETH.

Lookonchain reported that a whale known as “7 Siblings” recently purchased 24,817 ETH for approximately 42 million USD, increasing their total ETH holdings to over 1.2 million ETH, currently valued at around 1.9 billion USD.

As of February 3, this investor has spent nearly $230 million to acquire 103,543 ETH, currently facing a loss of $64 million on their accumulated amount.

Earlier this week, IntoTheBlock reported that whales accumulated 130,000 ETH on Thursday as the second-largest crypto asset dropped below $1,800 in the first trading session following the tariff announcement.

You can check the price of ETH here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making any decisions. We are not responsible for your investment decisions.

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Viet Cuong

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