PANews reported on July 14 that according to Lookonchain monitoring, the giant whale 0xfd10 sold 19,348 ETH (worth US$59.05 million) at an average price of US$3,050 in the past three hours.

If he had insisted on holding the original 35,754 ETH, the current value would be $109.41 million.

But after a series of aggressive operations, the value of his holdings has shrunk to US$57.07 million - this means that he has suffered a huge loss of up to US$52.34 million in total.