PANews reported on January 26 that, according to Lookonchain monitoring, a "buy high, sell low" whale, 0x3c9E, panic-sold 5,500 ETH (worth $16.02 million) over the past three days at an average price of $2,912.

Just five days ago, he bought 2,000 ETH (worth $5.97 million) at $2,984, once again demonstrating the principle of buying high and selling low.