Ethereum's price fell below $3,200 on December 24, leading to significant losses for major ETH holders. Bitmine, led by Tom Lee, reported a 28.86% loss with a holding cost of $3,906. Trend, managed by Yili Hua, experienced an 8.5% loss at a cost of $3,208. SharpLink, under Joseph Lubin, faced an 18.67% loss with a holding cost of $3,609. The current market conditions indicate continued pressure on whale activity.