PANews reported on August 27 that according to monitoring by on-chain analyst Ember, a whale transferred 8,825 ETH (US$24 million) to Binance 8 hours ago, realizing a loss of US$3.96 million (-14%).

He bought these 8,825 ETH at an average price of $3,168 between July 28 and August 4, and now sells them at $2,719, with a loss of $3.96 million (-14%). He bought them in batches before the August 5 market crash and missed the August 5 crash. Otherwise, he would not have lost money and might even have made a profit.