Whale Loses $30M Closing 41,931 ETH; Holds 36,578

On‑chain monitoring firm LookIntoChain identified a large Ethereum whale at address 0xa523 that has suffered losses exceeding $30 million over the past week.

Analytics show the wallet has a pattern of opening ETH long positions near previous price highs and exiting as prices slide.

Five hours ago the account closed a 41,931 ETH long (approximately $179.4 million), logging an incremental loss reported near $10 million.

The same address still holds a 36,578 ETH long exposure (roughly $160 million), leaving a combined reported realized and unrealized loss in excess of $30 million, per the monitoring data. The move highlights ongoing risks in leveraged ETH positions and reinforces how on‑chain transparency can reveal large players’ strategies that may amplify market volatility.

Perhaps the wallet address should come with a trigger warning for anyone who believes in risk management.