Recently, several cryptocurrency wallets have lost a ton of ethereum ($eth). According to data from LookonChain, the two wallets lost up to $142 ETH in panic sales. The well-known on-chain analytics provider shared insights into the latest losses in crypto wallets.
4 days ago, $2,383 for 10.95m $DAI's Panic Sold 4,598 $ ETH Two Wallets.
Three hours ago, as $ETH recovered, they repurchased $4,455 ($10.95 million) at a high price of $2,459, and 142 $ETH ($353K).https://t.co/zpasdkdvunhttps://t.co/daw0tfmcj4 pic.twitter.com/6e1vsprexl
– lookonchain (@lookonchain) June 26, 2025
Two wallets reached $353K $353K in $ETH loss of panic sales amid volatility in the market
Market data reveals that the significant volatility in the Ethereum ($eth) market has led to two crypto wallets panic sales. In this regard, they collectively lost up to $353,000 due to inappropriate transactions in volatility. Therefore, the wallet sold around $4,598 in ETH, which was worth $10.95 million to buy $DAI at a local low price of $2,383 on June 22nd.
Just four days after that panic sale, the top altcoins recovered, and the wallet bought a $4,455 eth. This time I paid $109.5 million to buy each amount. In this regard, they bought $ETH coins for $2,459 as the average price, which was very expensive. This caused them to lose $353,000.
Inadequately timed trading leads to a loss of $142 ETH
According to Lookonchain, these transactions in the aforementioned wallet left us with a huge loss valued at ETH of nearly $142. With this in mind, traders should be careful while making emotionally driven decisions in a much more volatile market. Apart from that, the event also demonstrates the importance of timely and accurate decisions in the crypto sector to make a profit.
