"Anonymous Whale Earns $30,450,000 Profit from Ethereum (ETH) Trades Over the Past 2 Months"
Summary
- An anonymous whale address, assumed to be an institutional investor, reportedly made a profit of $30,450,000 from just two Ethereum (ETH) trades in the past two months.
- The whale is said to have recorded realized gains by buying and selling ETH twice through Wintermute, once in April and once in May.
- As of the 11th, Binance ETH price was reported to be traded at $2,741.49, up 6.78% from the previous day.
An anonymous whale address, believed to be an institutional investor, has reportedly earned a profit of $30,450,000 from just two Ethereum (ETH) trades over the past two months.
On the 10th (local time), on-chain analyst EmberCN explained, "This whale address purchased 30,000 ETH at an average price of $1,830 each using $54,900,000 USDC through Wintermute on April 27, and sold them at an average price of $2,621 on May 22."
He further analyzed, "The realized profit from that trade was $23,730,000," adding, "Also, on May 25, the whale once again bought 30,000 ETH at an average price of $2,513 each using $75,390,000 USDC through Wintermute and sold them on June 10, earning an additional $6,720,000 in profit."
He added, "With just two swing trades in two months, this whale pocketed $30,450,000."
Meanwhile, as of 01:44 on the 11th, ETH was trading at $2,741.49 on the Binance Tether (USDT) market, up 6.78% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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