ETH Whales Plunge into Uncharted Territory as Ethereum Price Hits New Lows

Ethereum's price has been under sustained selling pressure in June, plummeting from above $2,000 to around $1,557 as of June 26. This represents a 30-day loss of 23.5%, with the price also falling 6.7% in the past week alone.

The drop has led to major ETH whale cohorts experiencing unrealized losses for the first time since 2019. According to CryptoQuant data, every major ETH whale cohort, including wallets holding over 100,000 ETH, is now sitting on unrealized losses.

This rare event has historically lined up with price bottoms rather than continued crashes. Smaller whale tiers have dipped into losses more often, but the largest holders joining them is a rare occurrence.