Ethereum whale, 0x3C9E, is taking great care as it continues to buy ETH at a high price and sell it in panic. The wallet has almost inevitably robbed more than $400 million in transactions over the past two months, according to blockchain analytics firm LookonChain.
“Buy high and sell low” Whale 0x3C9E Panic Sold 1,000 $ETH ($4.19M) Again an hour ago.
For the past two months, this whale has always bought $ETH at a high price and has been on sale at lows.https://t.co/gsgi4daxvz pic.twitter.com/5Skd6uwikp
– lookonchain (@lookonchain) September 22, 2025
A series of unprofitable transactions
Statistics compiled by LookonChain reveal badly timed trading patterns. Whales purchased 16,800 Ethereums from August 8th to August 15th, reaching $74.3 million with an average price of 4,424. Just a few days after August 15-18, the whales sold 10,500 ETH at 4,395, registering losses in the market as they softened.
The trend continued. Whale’s Panic Sold 1,000 ETH was 1,000 ETH on August 20th with a loss of $4.08 million, but he had previously bought 600 ETH at an inflated price of 4,337. Between August 25th and September 1st, the whales sold 19,800 Ethereum, $88.4 million, at a price of $4,466.
Latest Panic Ethereum Sale
As of September 22, 2025, the Whale 0x3C9E Panic Sold 1,000 Ethereum was worth $4.19 million with an average price of 4,322, according to a report by Lookonchain. It was trapped in a set of further losses after 2,101 Ethereum on September 12-16 was acquired at an average price of 4,529.
This led analysts to call addresses a low-whale on sale for buyback. This is because they tend to take part in the market at the top and appear at the bottom.
Market reactions and speculation
The whale plan has been subject to much controversy in the crypto community. There is speculation that addresses could be associated with institutional investors who do not effectively manage their assets or even engage in experimental transactions. Others propose emotional trading patterns in which panic sales are caused by market volatility.
Regardless of the line of explanation, achievements are uncontroversial. All Ethereum’s outstanding size acquisitions have seen a greater low-cost sales.
Market Lessons
The example of Whale 0x3C9E shows the value of discipline and time in cryptocurrency trading. Whales generally affect market moods, but this example proves that even large holders are not safe to make poor decisions. For retail investors, the moral of the story is clear. They should not engage in emotional trading and should not chase prices.
