A crypto whale executed a massive sell-off of 16,700 ETH (approximately $31 million) in a single trade at $1,852.45, marking a significant loss on the position. The move follows a purchase made just one month prior, when the same wallet acquired 8,631 ETH for roughly $23.7 million at an average price of $2,749. The transaction highlights a classic "buy high, sell low" scenario amid Ethereum's recent price correction. The whale's decision to liquidate a larger portion of holdings than initially bought suggests either additional accumulation during the interim period or a rapid exit strategy as market sentiment shifted downward.