Ethereum Whales Sell 7,000 ETH at $16.88M Loss as Price Drops Below $2,400; BlackRock's BUIDL Fund Nears $3B

Several large Ethereum (ETH) holders have been actively trading amid recent price volatility. Over the past few hours, whale addresses 0xD20E and 0x9BDa sold 4,718 ETH and 2,594 ETH respectively, generating profits of $3.18 million and $1.31 million. Meanwhile, the whale known as nemorino.eth increased their position by purchasing 1,510 ETH at an average price of $2,549, adding to a total accumulation of 4,598.8 ETH since May 11, costing approximately $11.53 million, though currently showing an unrealized loss of $438,000. Another whale who bought 7,711 ETH at an average price of $1,772 on April 23 has fully exited their position within the last three hours, realizing gains of $4.43 million and a near 32.4% return over the past month.

Conversely, a different whale recently sold 7,000 ETH at a loss of $16.88 million, after previously withdrawing 13,479 ETH from Binance between December 2024 and January 2025 at a high price of $3,622. This whale still holds 6,479 ETH, currently valued at $15.66 million, with an overall loss of $16.28 million. Ethereum's price dropped below $2,400 following these sales, wiping out approximately $35 billion in market capitalization. On-chain data indicates continued declines in exchange balances, while BlackRock's BUIDL fund approaches $3 billion in assets.