On-chain whales have recently sold off the three major cryptocurrencies, incurring a loss of $3.66 million, hitting a new low

According to the latest on-chain data monitoring by Onchain Lens, a highly active whale address experienced a setback in the past two days, continuously selling off multiple mainstream tokens and incurring significant paper losses. This series of transactions highlights the real market risks.

AERO Drops, Single Loss Exceeds $3.66 Million

The whale’s performance with AERO tokens was the most severe. On-chain data shows it sold 3.59 million AERO tokens for only $1.39 million USDC stablecoins, resulting in a direct loss of $3.66 million. At the current AERO price of $0.34, this transaction’s average cost is well above the current price, reflecting the passive selling pressure on this large holder.

BRETT and VIRTUAL in Trouble, Multiple Tokens Fleeing

Besides AERO, this whale also suffered heavy losses on BRETT. Data indicates it sold 35.45 million BRETT tokens for just $310,500 USDC, with a loss of $3.07 million. Meanwhile, it also sold 636,000 VIRTUAL tokens for $407,500, losing $1.76 million.

Given the current token prices—BRETT at $0.01 and VIRTUAL at $0.76—the depressed market prices further confirm this whale’s awkward position during its exit. The concentrated sell-off of three mainstream tokens reflects a pessimistic outlook on the market.

ANDY Continues to Be Under Pressure, Whale Exit Still Ongoing

Worse, the whale has started selling ANDY tokens. So far, this operation has resulted in a total loss of $1.615 million, with no signs of stopping. This indicates the large holder is actively rebalancing its portfolio, likely aiming to reduce its positions in emerging tokens.

On-chain analysis suggests that such concentrated exits by major holders often signal market risk release. Monitoring the support levels of related tokens will be crucial moving forward.