Recent volatility in the cryptocurrency market has triggered heavy losses for several large investors known as whales. On-chain data shows these investors are liquidating positions they held for years, resulting in significant financial setbacks. The sell-off has been especially impactful on Uniswap (UNI), with whale 0x3136 suffering a hefty $11.64 million loss after exiting his long position. This investor had held over 512,440 UNI for nearly five years, and ultimately liquidated their holdings on Binance at an average price of $29.83 per coin in April 2021, resulting in a portfolio worth just $3.64 million today. 0x499f has also garnered attention after withdrawing 5,000 ETH ($15.04 million) from Binance within the last 4 hours, while another whale, 0x5D2F, is profiting on a short Bitcoin position with over $24 million in unrealized gains. In contrast to these losses, the story of one whale’s success is unfolding. 0x4ed0, known for utilizing a debt-loop strategy to accumulate ETH and WBTC, has been struggling. After selling their entire ETH holdings at an average cost of $3,046 per coin for a total loss of over $25 million, the whale continues to face losses on their WBTC holdings. 0x4ed0’s 1,560 WBTC holdings are now worth around $138.56 million with an unrealized loss exceeding $43 million. *Disclaimer: This is not investment advice.*