On-chain whale activity sees significant losses, with one whale suffering a $125 million ETH loss due to a "rug pull" stop loss, while Arthur Hayes sells off Ethereum ecosystem tokens.

On-chain whale activity has been high in the past 24 hours, with notable transactions including Arthur Hayes selling off Ethereum ecosystem tokens worth $5 million. A whale lost $125 million in ETH due to a "rug pull" stop loss, while another whale took large short positions on BTC, XRP, and ZEC, totaling over $190 million. A "Buddy" Huang Licheng partially closed his ETH long position, resulting in a $1.9 million loss.