PANews reported on January 13 that according to Lookonchain monitoring, whales are selling Ethereum ($ETH) at a loss. Nine hours ago, three wallets that may belong to the same whale sold 10,070 $ETH at $3,280 per coin in exchange for $33 million in $DAI, a loss of about $1 million.

The whale withdrew 24,029 $ETH (worth about $81.3 million) from Binance through 10 new wallets three weeks ago, and currently still holds 13,959 $ETH (worth about $45.48 million).