Whale Makes $30.45 Million From Two ETH Swings In 1.5 Months

A certain whale or institution has made a total profit of $30.45 million from two ETH swings over the past one and a half months. This significant gain was achieved through strategic trading maneuvers involving large volumes of ETH.

On April 27, the entity purchased 30,000 ETH at a price of $1,830 using 54.9 million USDC via Wintermute. This initial investment was followed by a sale on May 22 at a price of $2,621, resulting in a profit of $23.73 million. This first swing trade demonstrated a keen understanding of market timing and price movements.

Following this successful trade, the entity made another strategic move. On May 26, they repurchased 30,000 ETH at a price of $2,513 using 75.39 million USDC via Wintermute. Today, they sold this second batch at $2,737, making an additional profit of $6.72 million. This second swing trade further solidified the entity's profitability, bringing the total profit to $30.45 million over the one and a half month period.

The entity's ability to execute these trades with precision and timing highlights their expertise in navigating the volatile cryptocurrency market. The use of large volumes of ETH and strategic timing allowed them to capitalize on price fluctuations, resulting in substantial profits. This event underscores the potential for significant gains in the cryptocurrency market for those with the right strategies and resources.