PANews reported on August 27 that according to Spot On Chain monitoring, market turmoil has also hit savvy traders hard. 11 hours ago, a whale deposited 8,825 ETH (US$24.1 million) into Binance and currently still holds 10,619 ETH (US$28.5 million). The third ETH transaction in progress is estimated to have a total loss of US$15.7 million (-23%).

This whale had performed well before, earning about $38 million (+26.7%) from 2 ETH transactions from November 2022 to May 2024. Unfortunately, this whale missed the crash on August 5; otherwise, the loss would not have been so large.