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.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
