Home
Crypto News
Market
Ethereum Whale Sees $26M Paper Loss on 20x Short as Price Surges; ETH Foundation Sells Over 5K ETH
August 13, 2025
A wallet has been holding onto an Ethereum short position for over a month now, but could be on the verge of liquidation as the Ether price rally persists. The whale address “0x8c58” opened a short position at $2,969 on Hyperliquid with a 20x leverage on July 1, with Ethereum correcting 3% on the day. Meanwhile, Ethereum quickly rebounded the next day and has been on a parabolic expansion since then.
Ethereum Whale Now At Risk of Liquidation
With Ethereum crossing a 4-year top of $4,600 today, the whale is now at risk of liquidation. The address sits at an unrealized loss of $26 million, with its liquidation price at $5,000.
Ethereum Foundation Wallet Sells 5,094 ETH
Meanwhile, a wallet tied to the Ethereum Foundation is dumping Ether despite its price rally. Lookonchain first reported the development on August 13, as the address “0xF39d” sold a total of 5,094 ($23.6 million) ETH over multiple transactions. First, the wallet moved 1,696 ETH over two transactions on August 12 for 7.72 million DAI at $4,556. Then it sold another 1,100 ETH ($5.06 million) by 0:27 (UTC) today. A few minutes later, the address sold 2,300 ETH ($10.5 million) over five transactions, culminating in the 5,094 ETH.
In return, the wallet received a total of 18.71 million DAI stablecoin. However, it currently holds 11.58 million DAI, having moved over 7.1 million DAI to a DSProxy address. Notably, the address originally received 20,756 ETH ($95.5 million) from the Ethereum Foundation wallet “EF 1” back in 2017. With the sale, which is its first major transaction in 128 days, the wallet now holds 100 ETH ($463,937).
Tags
Latest Ethereum (ETH) News Today
