According to Lookonchain, a major Ethereum whale capitulated by selling 7,000 ETH worth $16.88 million at a significant loss just one hour ago. The whale had previously withdrawn 13,479 ETH (valued at $48.82 million) from Binance between December 5, 2024, and January 13, 2025, at an average price of $3,622. The whale still holds 6,479 ETH, currently valued at $15.66 million, resulting in a total realized loss of $16.28 million. This large-scale liquidation underlines increasing selling pressure in the Ethereum market, signaling potential short-term downward volatility and heightened caution among large holders. Such whale capitulations often impact broader crypto sentiment and can trigger increased trading volumes and price fluctuations. (Source: Lookonchain, Twitter, May 19, 2025)