A suspected ETH whale sold 2400 ETH three hours ago, potentially resulting in a loss of 2.005 million USD if sold

Odaily Planet Daily reports that according to on-chain analyst @ai_9684xtpa, an ETH whale 0x59A...D472B is suspected of panic selling 2400 ETH (worth $4.47 million) three hours ago, which would result in a loss of $2.005 million if sold. This batch of ETH was acquired during the downward trend in coin prices from February to March this year at a cost of $2697 per coin. The current recharge price is $1862, representing a nearly 31% shrinkage in position value.