An Ethereum whale conducted a $7.5M sale involving 5094 $ETH tokens at $1471 today to pay back debts at current rates based on on-chain analysis. The whale’s financial losses increased significantly after the sustained Ethereum price decline occurred within their debt repayment operations.
A whale sold 5,094 $ETH($7.5M) at $1,471 today to repay the debt again.
— Lookonchain (@lookonchain) April 9, 2025
He originally borrowed 80.91M $USDT to buy 26,235 $ETH at $3,084 on July 5, 2024.
On March 11, he sold 25,800 $ETH for 47.8M $USDT at $1,853 to repay part of the debt.
The whale has lost ~$40M on $ETH.… pic.twitter.com/aTZMmVHVuD
A Costly Investment Gone Wrong
The whale borrowed an initial 80.91 million $USDT loan through which they purchased $3,084 $ETH when Ethereum reached its yearly peak on July 5, 2024. The falling value of $ETH forced whales to liquidate their assets to cover their debts. On March 11, 2025, the Whale reduced their holdings to 25,800 $ETH through a sale that yielded 47.8 million $USDT at a $1,853 price to decrease their borrowing amount.
blockchainreporter.net