Data: The whale who made $30.45 million from two ETH swing trades buys another 30,000 ETH
According to ChainCatcher, as monitored by Ember, a whale/institution that previously made $30.45 million in profits from two ETH swing trades continued to buy the dip after last night’s market downturn, purchasing another 30,000 ETH (worth $72.32 million) in the past eight hours. After the drop, this whale/institution transferred $58.91 million USDC to Wintermute and $24 million USDC to a CEX, then withdrew 24,000 ETH from Wintermute and 6,000 ETH from Coinbase.
Since starting its third ETH swing trade on June 11, the entity has spent a total of $297 million USDC over 10 days to acquire 115,400 ETH at an average price of around $2,574, currently sitting on an unrealized loss of $18.35 million. The address now has only $30 million USDC left available for purchases. Unless it continues to leverage by collateralizing ETH to borrow more USDC, this round of buying may soon be completed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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