{"id":75392,"date":"2026-07-14T12:29:36","date_gmt":"2026-07-14T12:29:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/this-whale-bought-eth-at-4311-and-never-sold-it-cost-him-23-8-million\/"},"modified":"2026-07-14T12:29:36","modified_gmt":"2026-07-14T12:29:36","slug":"this-whale-bought-eth-at-4311-and-never-sold-it-cost-him-23-8-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/this-whale-bought-eth-at-4311-and-never-sold-it-cost-him-23-8-million\/","title":{"rendered":"This Whale Bought ETH at $4,311 and Never Sold. It Cost Him $23.8 Million"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Whale 0xFe99\u2019s 9,389 ETH, received at $4,311, is worth $16.69M today, a 59% paper loss.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">New wallet 0xf31d withdrew 8,239 ETH ($14.5M) as whale 0x363A bought 11,843 ETH ($20.8M) in 3 hours.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ETH is trading near $1,780, down roughly 32% this year.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Four-Year Round Trip Into Deep Red<\/h2>\n<p>The wallet, tagged 0xFe99, received 9,389 <span>ETH<\/span> worth $40.47 million about four years ago, when ether changed hands at $4,311 (near the asset\u2019s late-2021 record run). It has not sold since. With ether recently at $1,777, the stash is now worth just $16.69 million.<\/p>\n<p>\u201cThis <span>whale<\/span> held <span>ETH<\/span> for 4 years, suffering a loss of 23.8M (-59%)\u201d Lookonchain wrote, suggesting the holder may finally be capitulating after riding the position through an entire market cycle.<\/p>\n<figure id=\"attachment_831008\" aria-describedby=\"caption-attachment-831008\" style=\"width:1658px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-831008\" class=\"wp-caption-text\">Onchain data showing <span>whale<\/span> 0xFe99\u2019s recent <span>ETH<\/span> offload, per Arkham.<\/figcaption><\/figure>\n<p>Investors who bought at the 2021 peak have now watched the asset halve, recover through 2024 and 2025, and then surrender most of those gains in this year\u2019s slide. As a consequence, many OGs have cowered, with one <span>whale<\/span><a href=\"https:\/\/news.bitcoin.com\/ethereum-og-sells-55000-eth-136-million-2026\/\"> offloading $136 million<\/a> in <span>ETH<\/span> and staked derivatives earlier this month.<\/p>\n<h2>Buyers Step in as the Price Languishes<\/h2>\n<p>While all of the aforementioned sell-off was happening, a newly created wallet, 0xf31d, withdrew 8,239 <span>ETH<\/span> worth $14.5 million from multiple exchanges over 12 hours. At the same time, another <span>whale<\/span>, 0x363A, accumulated 11,843 <span>ETH<\/span> worth $20.8 million in just three hours.<\/p>\n<p>Combined, the two wallets absorbed roughly 20,082 <span>ETH<\/span>, about $35.3 million at current prices. While large withdrawals from <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a> can be seen as <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> signals, they do not automatically guarantee any sort of bottom.<\/p>\n<figure id=\"attachment_831010\" aria-describedby=\"caption-attachment-831010\" style=\"width:1028px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-831010\" title=\"This Whale Bought ETH at $4,311 and Never Sold. It Cost Him $23.8 Million\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk.jpg\" alt=\"This Whale Bought ETH at $4,311 and Never Sold. It Cost Him $23.8 Million\" width=\"1028\" height=\"406\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-300x118.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-1024x404.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk-768x303.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/this-whale-bought-eth-at-4311-and-never-sold--it-just-cost-him-23-8-million2_nwmk.jpg 1028w\" sizes=\"auto, (max-width: 1028px) 100vw, 1028px\"\/><figcaption id=\"caption-attachment-831010\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>As things stand, <a href=\"https:\/\/branch.wallet.bitcoin.com\/news-contextual-eth\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">ETH<\/a> is changing hands near $1,780, down roughly <a href=\"https:\/\/news.bitcoin.com\/2k-showdown-ethereum-loses-32-in-2026-while-btc-holds-relative-ground\/\">32% year to date<\/a> even as <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> has held relative ground. The asset recently lost the psychologically important $2,000 level that bulls defended for weeks, and that marker in itself could press the token further down in the near to mid term.<\/p>\n<p>Moreover, a reversal may hinge on whether exchange outflows persist and whether ether can reclaim its $2,000 threshold, especially since a sustained failure to do so would keep the pressure on the remaining long-term holders still deep underwater. Interesting times ahead, to say the least!<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/ethereum-whale-23-million-loss-accumulation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Whale 0xFe99\u2019s 9,389 ETH, received at $4,311, is worth $16.69M today, a 59% paper loss. New wallet 0xf31d withdrew 8,239 ETH ($14.5M) as whale 0x363A bought 11,843 ETH ($20.8M) in 3 hours. ETH is trading near $1,780, down roughly 32% this year. A Four-Year Round Trip [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75392"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75392"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75393"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}