Ramazan Eles 
A significant cryptocurrency whale has experienced a substantial $12 million loss after panic selling their Ethereum holdings at the bottom of the recent market crash. According to on-chain data from Lookonchain, the whale had been accumulating Ethereum prior to the downturn but sold it all at a much lower price.
Between June 22nd and August 4th, the whale had accumulated approximately 14,384 Ethereum, worth around $47.34 million at an average price of $3,291. Notably, only one of their six purchases was made when Ethereum was trading below $3,000.
However, following the significant market crash over the weekend and into the current week, the whale panicked and sold their entire Ethereum holdings on Binance for $2,417, resulting in a loss of $12.57 million.
At the time of writing, the cryptocurrency market has shown some signs of recovery. Ethereum is currently trading at $2,571, while Bitcoin has rebounded from a low of around $49,000 to its current price of approximately $59,500.