A significant cryptocurrency whale has experienced substantial losses in recent trading activity. Onchain data reveals that this investor accumulated 2,140 ETH worth approximately $7.13 million three months ago at an average price of $3,331. Today, they deposited these holdings, currently valued at $4.06 million, into Binance and subsequently likely sold their assets. Had the whale held onto their investment during this period, they would have incurred a significant loss – about $3.08 million, representing a 43% decrease in their original investment. This comes as the Ethereum price has experienced a dramatic downturn, dropping 20% in the last month and reaching its lowest point in over a year. Despite failing to achieve the all-time high during previous bull cycles, ETH is currently trading at $1,816, down 62% from its historical peak. This situation highlights the volatility of the cryptocurrency market.