An ETH whale has reportedly dumped $12.41 million worth of holdings over the past two weeks—selling would result in a $148,000 loss.

According to on-chain analyst Ai Yí (@ai_9684xtpa), monitoring as of October 28 revealed that a major ETH holder is actively liquidating their position—having reportedly sold holdings worth $12.41 million over the past ~two weeks. The address in question is 0x7eE…76066, which holds 5,160 ETH with an average entry price of $2,433 per ETH. Roughly one hour ago, the address completed its final deposit and immediately transferred 2,252 ETH (worth ~$5.29 million) to OKX. If the remaining balance is fully sold at current market prices, the estimated total loss would be approximately $148,000.