Data: Whale Profits $3.24 Million from Short-term Arbitrage by Buying Low and Selling High 30,000 ETH via OTC
According to ChainCatcher, on-chain analyst Ember has monitored that a whale/institutional address purchased 30,000 ETH through Wintermute OTC 6 hours ago at a price of $2,513, with a total cost of approximately $75.39 million USDC.
This address had previously sold the same amount of ETH on May 22 at a unit price of $2,621, making a profit of about $23.73 million (+43%). This round of low-level replenishment allowed for an additional arbitrage of $3.24 million between the two transactions.
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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