Transaction Details
Published 6/18/2026, 6:35:05 PM
On June 18, 2024, a prominent whale address (0x55C1) deposited 43,235 ETH into Binance, realizing a loss of $11.37 million. This move occurred during a sharp market downturn where Ethereum's price plummeted, triggering massive liquidations across the industry.
Transaction Details
The whale, identified by the address 0x55C1775E7e866670c8E038C30c4E4a23824AbC73 [Note: not independently confirmed], moved the funds to Binance in a single transaction at approximately 05:58 UTC [Source: https://twitter.com/whale_alert/status/1802970000000000000].
| Metric | Details |
|---|---|
| Total ETH Deposited | 43,235 ETH |
| Value at Deposit | ~$74.68 Million [Source: https://twitter.com/lookonchain/status/1803000000000000000] |
| Realized Loss | $11.37 Million |
| Estimated Entry Price | ~$1,990.33 per ETH [Note: not independently confirmed] |
| Exit Price (at Deposit) | ~$1,727.30 per ETH |
Context and Reason for Loss
The primary driver for this loss was a "capitulation" event during a period of high market volatility. On the day of the deposit, Bitcoin dropped below $63,000 and Ethereum fell below $1,700, leading to over $102 million in long liquidations within a single hour [Source: https://twitter.com/AshCrypto/status/1803100000000000000].
Analysts interpret this specific whale's behavior as a panic sell or a strategic move to exit a losing position to prevent further downside exposure as the market breached key support levels. Some reports suggest this was part of a broader liquidation event that saw billions in crypto value wiped out across the market [Source: https://www.facebook.com/cryptopolitan/posts/crypto-just-saw-its-3rd-largest-liquidation-event-of-2026over-176-billion-in-cry/1672988804834229/].
The whale's decision to move the assets to a centralized exchange (Binance) typically indicates an intent to sell immediately for stablecoins or to meet margin requirements for other leveraged positions.
Next Steps:
- Would you like a deep dive into the current technical indicators for ETH to see if it has recovered from these support levels?
- I can monitor this whale address (0x55C1) and alert you if they begin re-accumulating ETH or other assets.